US STOCKS-Wall St edges lower as tech shares fall, bond yields rise

Wall Street's main indexes edged lower on Thursday as heavyweight technology-related stocks remained under pressure with a rise in U.S. Treasury yields, while data showed weekly jobless claims fell more than expected. The benchmark 10-year...

US STOCKS-Wall St edges lower as tech shares fall, bond yields rise
Wall Street's main indexes edged lower on Thursday as heavyweight technology-related stocks remained under pressure with a rise in U.S. Treasury yields, while data showed weekly jobless claims fell more than expected. The benchmark 10-year Treasury yields hit a one-year high of 1.45%, prompting investors to lock in profits on some high-flying growth stocks due to concerns over heightened valuations. Microsoft Corp, Alphabet Inc, Facebook Inc and Netflix Inc were down between 0.2% and 0.6% in early trading.