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Tech is taking its lumps because bond yields have climbed in recent weeks, hovering at a more-than-seven-year high.Although that's largely because the US economy is so strong, the spike in rates for the benchmark US 10-Year Treasury has investors wondering if the near-decade-old bull market may finally be ending.Higher long-term rates could slow down red-hot sectors of the economy, including technology, especially as the Federal Reserve seems intent on raising short-term rates for the foreseeable future. Higher rates increase borrowing costs, pinching corporate profits.Investors may want to shift out of momentum and into more defensive stocks -- companies that aren't as expensive and also pay healthy, stable dividends.Continued worries about a slowdown in China's economy -- especially as trade tension with the United States has escalated -- were also dragging down the broader market. 901
Students were dismissed for the day at 11:15 a.m., according to a statement from the school's principal.A 9th-grader at the school said he and his friends "thought it was just a drill." 185
Stash some of your earnings in a high-yield savings account that should be tapped only to cover unexpected expenses, like a car repair. (In a high-yield savings account, your money will earn more interest than in a traditional account — and you’ll still be able to easily withdraw or transfer money when you have to pay for that new transmission.) 347
Spring Valley – Quarry road is closed between SR125 to Lakeview Ave due to Flooding.— San Diego County DPW (@sdcountydpw) November 29, 2018 140
Stanton Stanley, who runs a construction business, said, “I was at Verizon working on my business account and I was trying to call my wife at the time and the guy said he was having the same problem.” 200