World & BusinessRising Treasury yields may be helping the 'Magnificent Seven' rally
CNBC reports that the tech giants surged to all-time highs in late September, after floundering for much of 2026.
TLDR
The 'Magnificent Seven' is bucking the market trend, CNBC reports, and a jump in Treasury yields may be helping. The outlet describes the tech giants' climb to all-time highs in the week of September 24, 2026, as a surprising show of strength given their struggles for much of the year.
Rising Treasury yields may be helping the 'Magnificent Seven' rally
CNBC reports that the tech giants surged to all-time highs in late September, after floundering for much of 2026.
TLDR
The 'Magnificent Seven' is bucking the market trend, CNBC reports, and a jump in Treasury yields may be helping. The outlet describes the tech giants' climb to all-time highs in the week of September 24, 2026, as a surprising show of strength given their struggles for much of the year.