Yahoo Finance's LIVE market market coverage and analysis of stocks and bonds begins each day at 11:45 am ET.
For the second week, there’s been another downgrade for Apple (AAPL) and, like last time, all the other FANGs followed Apple down. After Friday’s selloff in the tech sector that saw the Nasdaq (^IXIC, QQQ) plunge 1.8% and the S&P 500 (^GSPC, SPY) slip 0.1%, traders were hoping for a little reprieve. Then the Nasdaq had its biggest two-day slide since December, closing down at -32.45.
Why are investors scrambling to buy long-term US government bonds when the Federal Reserve is raising interest rates? Yahoo Finance's Alexis Christoforous is joined by Alan Valdes, director of floor operations for Silverbear Capital, from the floor of the New York Stock Exchange to discuss.