Part 2/8:
Today’s market opened with significant fluctuations among the most well-known tech stocks. Apple, after spending a considerable portion of the day in correction territory, ultimately closed down by one percent, marking a considerable drop of more than $25 from its post-Christmas peak. Similar declines were observed in other major players in the market, such as NVIDIA and Tesla, both seeing double-digit percentage drops. The backdrop to these movements is the ongoing rise in Treasury yields, which reached a 14-month high following a robust jobs report from last week. As the likelihood of a rate cut diminishes, the dollar index is in motion as well, setting the stage for critical earnings reports ahead.