The yield on the benchmark 10-year Treasury note slipped to 3.3626%, while the yield on the 30-year Treasury bond dipped to 3.5811%.
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.
Microsoft saw slower Azure growth and device execution challenges in a quarter where it took a $1.2 billion charge, mainly for cutting 10,000 jobs.
The FDA’s decision comes after clinical trial results indicated that lecanemab slows cognitive decline somewhat in people with mild impairment from Alzheimer’s.
The consumer electronics slowdown doesn’t seem to be getting better this year.
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