Early Update – Longer Term Yields Still Weighing on Growth Stocks

11:17 a.m. ET Mega-cap stocks (MGK -2.35%) are holding back the major averages as higher yields continue to pressure the stocks’ valuations. However, there are a few developments that indicate the economically sensitive cyclicals may be re-establishing some leadership. There are some areas of the market displaying some early relative strength like Transports and Small…