Stocks are under pressure today as earnings reports from Meta, IBM and Lam Research fail to lift investor sentiment around the AI/tech complex. Yields on 10-year Treasuries drop below 5.00%.
Solid earnings from Meta and Tesla, accompanied by Meta's better-than-expected guidance, appeared to impress and may provide more momentum for tech in what's been a strong week.
SpaceX and Netflix both topped expectations late Tuesday, though neither moved much in the aftermath. Meta and Tesla report later today. The 10-year yield and oil fell Tuesday.
Higher bond yields may offer retirees more income potential, but a diversified approach that balances income, risk, and spending needs remains important.
SpaceX reports later after a slight rebound for AI stocks yesterday ended an eight-day chip losing streak. Yields and oil remain in sharp focus, and Netflix also reports.
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