Wall Street's main indexes extended losses on Friday as fears of a potential rise in inflation kept U.S. bond yields around one-year high, while tech stocks clawed back some losses. The major averages were knocked off their all-time highs last week after a sharp rise in U.S. Treasury yields triggered a selloff in some of the mega-cap technology stocks. Financials and energy shares, the best performing S&P sectors this month, slipped about 0.2% and 1%. Technology stocks rose 0.6% and semiconductor stocks advanced about 1%. GameStop Corp jumped 11% as retail investors pushed up the stock in a renewed rally that could see it clock its second best week.

Source: Mint February 26, 2021 15:56 UTC