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Big Tech earnings pull valuations in opposite directions
With the Fed-fueled bond selloff adding pressure, WSJ Markets links the day’s swings to results from major tech companies driving both gains and losses.
WSJ Markets reports that earnings from large technology companies have been sending valuations in opposite directions, contributing to sharp market moves.
The outlet says the stock reaction is being reflected across major sectors as investors weigh differing performance among big tech names.
At the same time, WSJ Markets points to a separate headwind from bonds, saying a Fed-fueled bond selloff is increasing broader market pressure.
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