Earnings: ‘We’ll hear some pretty good news about the global profit picture,’ strategist says

Charles Schwab Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to discuss how markets are digesting inflation and globalization, earnings season, consumer price index data, and the Fed's interest rate hikes. Read More...

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Why AMD Is Falling Today

Shares of Advanced Micro Devices (NASDAQ: AMD) were falling today, as much as 5%, before settling into a 4.6% loss as of 12:30 p.m. ET. One can chalk up today’s decline to two things: First, the 10-Year Treasury bond continued its ascent, reaching 2.77% today — that’s up more than an entire percentage point since the beginning of the year. Rapidly rising long-term rates tend to hurt high-multiple growth stocks, and at 38 times earnings, AMD is certainly that.

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