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Stocks Slip on Rising Yields as Tech Shares Lead Decline
WhyEquities declined across the board as the 10-year Treasury yield climbed to 5.24%, pressuring growth-sensitive technology shares.
- Major indexes fell 0.67% to 0.92% as rising yields weighed on tech
- Meta pushes into enterprise AI, hiring MongoDB's CEO
- Healthcare stocks gained late afternoon despite broader weakness
- Apple ordered to pay $5.7B in haptic technology patent case
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- CPI inflation · Wed, Oct 14 · 8:30 AM ET
- INTC▼ -5.67%· via Yahoo
Intel Corp shares fall 5.67% despite strong earnings beat
Intel Corp (INTC) common stock fell 5.67% to $116.03, closing below its previous $123.00 level. The semiconductor company reported Q2 FY2026 EPS of 0.42, beating the 0.22 estimate by 92.93%. The stock has gained 293.98% over the past year, trading at 76.0% of its 52-week range.
- AMD▼ -3.61%· via Yahoo
Advanced Micro Devices drops 3.61% as RSI reaches 80.4
Advanced Micro Devices Inc (AMD) common stock declined 3.61% to $607.87 from a previous close of $630.63. The semiconductor company's shares are positioned at 93.5% of their 52-week range of $159.33 to $639.00. The stock has returned 291.99% over the past year and trades 72.89% above its 200-day average.
- PYPL▼ -1.38%· via Yahoo
PayPal Holdings Inc (PYPL) Falls 1.38% as Shares Trade at Nine Times Earnings
PayPal Holdings Inc (PYPL) common stock closed at $54.28, down 1.38% in the session. The financial services company trades at approximately nine times earnings despite beating Q2 FY2026 estimates with EPS of 1.38 against a consensus of 1.30. Shares remain down 18.89% over the past year, though they have gained 21.77% over six months.
Technology stocks lifted Nasdaq 2.7% while energy and utilities fell 2.7% and 4.2%
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