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Tech stocks slide as global bond selloff lifts borrowing costs
WSJ Markets links the move to rising borrowing costs tied to fiscal deficits, inflation worries, and heavy AI spending.
Tech stocks fell as a broader global bond selloff pushed borrowing costs higher, according to WSJ Markets.
The outlet pointed to a combination of factors driving yields up, including concerns over growing fiscal deficits and inflation, alongside massive spending related to artificial intelligence.
The selloff in rates and expectations around inflation and financing costs weighed on tech equities during the session.
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