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Why Nvidia, Meta Platforms, and Palantir Bounced Back Today

Why Nvidia, Meta Platforms, and Palantir Bounced Back Today

Shares of beaten-down big tech stocks Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), and Palantir Technologies (NYSE: PLTR) bounced back today, rising 2%, 3.4%, and 2.8%, respectively, as of 11:34 a.m. ET. There wasn't much company specific news from these three today, but their shares being down so much on the year already, combined with some marginally favorable news this morning on interest rates and geopolitics, was enough to get their stocks moving higher. Equity investors may not have noticed, but Treasury Bond yields may be determining your stock portfolio performance this year more than you think -- especially when it comes to technology growth stocks.