Tech Stocks Rally as Treasury Yields Fall Below 5%

Tech stocks are rallying as the 10-year Treasury yield dips below 5%, with Oracle and Fastly leading the recovery. New data highlights Oracle's high volatility and significant year-to-date decline despite today's sharp jump.
According to StockStory, Oracle shares have experienced significant volatility with 37 moves exceeding 5% in the past year, while the stock remains down 23.5% year-to-date. The report notes that the recent 4.7% gain follows a broader tech rally driven by the Fed's 25 basis point rate hike and falling oil prices.
Source: StockStoryThe 10-year Treasury yield dropped to 4.949%, triggering a sharp rebound in growth equities. Oracle and Fastly led the recovery after a day of heavy selling.
Source: TradingView






