Stocks Fall as Tech Rotation Falters; Bonds Drift: Markets Wrap
- Treasuries edge lower in wake of financial-sector turbulence
- European lenders erase advance as France raids five banks
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A slide in technology shares halted a three-day advance in US stocks as investors continued to recalibrate bets on the Federal Reserve’s path forward on interest rates. Treasuries drifted lower.
The Nasdaq 100 slumped 0.5% — paring a March advance to 4.7% — with tech stalwarts from Apple Inc. to Alphabet Inc. among the biggest drags.