Newsig · MarketWatch
Higher yields are taking their toll on all areas of the stock market, except the one that matters
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.
Why it matters
SPY (SPDR S&P 500 ETF) · Why linked: The article notes that rising Treasury yields have weighed on nearly all S&P 500 sectors except technology. Market context: Rising multi-decade-high Treasury yields are creating broad pressure on equities outside of technology.
XLK (Technology Select Sector) · Why linked: Technology is identified as the only S&P 500 sector gaining since September 1 amid the yield surge. Market context: Technology stocks continue to show relative strength and outperformance versus the broader market.
TLT (20+ Year Treasury) · Why linked: Treasury yields climbing to multi-decade highs directly impacts long-duration Treasury prices. Market context: Multi-decade-high yields are driving significant losses in long-duration Treasury holdings.
How SPY, TLT usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| SPY | 18 | +0.72% | 61% |
| TLT | 19 | +0.71% | 58% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy