FinanceAxios Techabout 2 hours ago
Investors flee AI stocks amid election fears
3 min read
Investors rushed to buy U.S. 10-year Treasury notes as yields plunged to 5.00% from over 5.30%. Tech stocks like Meta, Alphabet, Nvidia, and Broadcom slumped, with Meta shares trounced despite strong Q3 sales. CoreWeave bonds yielded more than 15% while corporate bond spreads hit 17-month highs. Analysts warn that potential Democratic wins in the Nov.
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