SIGNAL TERMINATION – NASDAQ SHORT – TAKE PROFIT
ORIGINAL TEXT: Nasdaq Short. The major stock indices on Wall Street have set out on a path of decline during the day as heavy technology stocks have come under pressure with rising US bond yields. The yield on the main 10-year bonds reached a one-year high of 1.45%. This has led investors to close earnings on some fast-growing stocks due to fears of a burn-in share valuation. The higher the bond yield, the greater the pressure to shift investment from stocks. As stock market uncertainty grows, investors are beginning to take profits from the fastest growing stock areas and move them to more conservative market segments.