We’re about to find out, but first a three-day weekend looms, which means trading today might be lighter than normal. While everyone talks about the negative impact on Tech from higher yields, those same yields didn’t derail the whole market. There’s support from the proposed Biden infrastructure spending plan we heard about yesterday, and from strong earnings delivered last night by chipmaker Micron (MU). The weak Q1 doesn’t mean investors will abandon Tech stocks like AAPL and Microsoft (MSFT), but new sectors keep being strong. That company got another lift Wednesday as investors bid up shares after a strong earnings report buttressed by WBA’s participation in the Covid-19 vaccine rollout.
Source: Forbes April 01, 2021 13:30 UTC