BlackRock still backing stocks after bond market turbulence

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas JacksonLONDON (Reuters) – The world’s biggest asset manager BlackRock is still backing stocks after recent market turbulence triggered by rising global…

Wall Street closes down, tech selloff drags as bond yields climb

NEW YORK (Reuters) – Wall Street’s main indexes ended sharply lower on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields. The…