00:00Yield spike sell-off. Alphabet is down 3.81 percent, space exploration technologies 4.10 percent. Here's what's driving it.
00:11Alphabet fell 3.8 percent today, as Yahoo reported that treasury yields jumped across the curve, while the major indexes
00:19declined.
00:20The stock's loss was much steeper than the broader communication services sectors drop.
00:26Space exploration technologies declined 4.1 percent today, as Yahoo reported that treasury yields jumped across the curve.
00:36That put it alongside Alphabet in the yield-sensitive sell-off. A separate NASA award report arrived after the close
00:44and didn't explain the completed session.
00:47The full recap compares this move with the rest of communication services. Tap the related video.
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