Bill Ackman Makes a Bold Bet: Going All-In on a Tech Giant

Markets saw a mixed session yesterday—tech closed slightly higher, while utilities and energy sectors pulled back. That dip in utilities? Chalk it up to U.S. treasury yields, which are now sitting just above 5%. Utilities often serve as bond proxies, and when treasury yields climb, investors look to rebalance. Something to keep on your radar as rising rates could cast a longer shadow.