NEW YORK U.S. government borrowing costs advanced for a sixth week on Monday, hurting tech stocks as investors bet on rising interest rates, while three-year high oil prices ignited the energy sector. U.S. indices were mixed, with the industrials-heavy Dow Jones index outperforming the Nasdaq index of tech stocks . "When yields rise, tech shares tend to underperform." Europe's STOXX 600 index ended lower as declines in tech stocks offset gains in banks and energy, while German shares hit 10-day highs. Gold prices steadied with gains curbed by the stronger dollar and Treasury yields.

Source: The Star September 27, 2021 20:15 UTC