Finance

The 10-year U.S. Treasury yield climbed to multiyear highs near 4.85% even after the Treasury Department announced an expansion of its long-term bond buyback program to $6 billion. The yield expansion reflects underlying market dissatisfaction, as some Wall Street participants expected even larger purchasing interventions to suppress bond market volatility.

Shares of Meta Platforms rose over 6% following the introduction of its autonomous artificial intelligence assistant, Muse AI. The product rollout provided a rare bright spot for technology investors, contrasting sharply with losses suffered by competitor Alphabet during the same session.

Apple shares fell roughly 1.7% under new Chief Executive Officer John Ternus during a highly anticipated corporate product showcase. Wall Street reactions to the company's first foldable handset, the iPhone Duo, were largely characterized by skepticism, limiting any positive momentum for the stock.