Shares dip on pressure from technology; yields and oil fall
On Monday, MSCI's global equities gauge fell as technology stocks weakened, despite a dip in U.S. Treasury yields and falling oil prices providing some support. Investors are anticipating details of potential U.S. sanctions on Iran, with Treasury Secretary Scott Bessent set to hold a press conference later in the day to provide more information.
Treasury yields declined following a report suggesting the Treasury Department may utilize its cash account to finance increased debt buybacks. The Canadian dollar slipped due to looming U.S. trade war concerns. While most sectors of the S&P 500 showed gains, heavyweights in the technology sector led losses in a few declining sectors.
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