The major index finished the day up 0.5% despite yet another afternoon dip, this time dragged down by the tech names, which have responded negatively to rising bond yields.

The major index finished the day up 0.5% despite yet another afternoon dip, this time dragged down by the tech names, which have responded negatively to rising bond yields. Intervention from Chinese state-backed investment funds helped to stabilise markets after early losses across Asia. A slight reduction in US real yields also mitigated losses in the tech sector heading into the close. Our top three VODs today are:Three recent IPO stocks worth buying... nowStyle rotation in markets; three stocks that are hot right nowPartying like it's 1999; US economy awaits its $1.9t sugar hitWatch us live and free at ausbiz.com.au Hosted on Acast. See acast.com/privacy for more information.