Business
Why ASX 200 tech shares could be in for another wild session
The US market experienced yet another strange session overnight with the Nasdaq Composite (NASDAQ: .IXIC) falling by 2.41% while the S&P 500 Index (SP: .INX) fell only 0.54% and the Dow Jones Industrial Average Index (DJX: .DJI) closed 0.97% higher. The significant slump in tech and growth sectors could put pressure on ASX 200 tech shares.
Benchmark US government yields were once again in the spotlight, edging slightly higher to close at 1.60%. Yields have now more than tripled since August 2020 lows of 0.50%.
Why do yields matter?
Record-low and near-zero yields, or interest rates, have helped the stock market and the broader economy in a…
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