Higher yields are taking their toll on all areas of the stock market, except the one that matters

AI Summary

Rising Treasury yields have weighed on most areas of the U.S. stock market, with technology the only S&P 500 sector to post gains since September 1. The article highlights the sector’s relative resilience as government borrowing costs reach multi-decade highs.

Technology is the only one of the S&P 500’s 11 sectors that gained since Sept. 1, as Treasury yields have climbed to multi-decade highs.