US stocks found their footing as Treasury yields eased from recent highs, with memory chip strength lifting the broader tech tape after Micron posted record earnings. The relief in
US stocks found their footing as Treasury yields eased from recent highs, with memory chip strength lifting the broader tech tape after Micron posted record earnings. The relief in bonds came alongside Fed officials pushing back on market bets for a near-term rate hike, though mortgage rates still jumped by the most in four years, keeping pressure on rate-sensitive corners of the market. Beneath the calm surface, investors remain wary of a slowdown in the corporate profit boom, and geopolitical headlines around Iran and the Middle East continue to simmer in the background.
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