WS #13171
Amazon soared 15.3% on strong cloud growth, while Apple fell 7.4% on weak guidance, with Nvidia reclaiming the top market cap, signaling rotation within tech. Treasury yields hit multi-year highs (10-year above 4.7%) as investors doubt Fed commitment to inflation control, with three Fed dissenters calling for rate hikes, pressuring growth stocks.
MAG7 Divergence: Amazon Surge vs Apple Decline
Amazon soared 15.3% on strong cloud growth, while Apple fell 7.4% on weak guidance, with Nvidia reclaiming the top market cap, signaling rotation within tech.
Treasury yields hit multi-year highs (10-year above 4.7%) as investors doubt Fed commitment to inflation control, with three Fed dissenters calling for rate hikes, pressuring growth stocks.