Sandisk and Micron Stocks Decline Amid Rising U.S. Treasury Yields

Sandisk and Micron experienced a decline of approximately 1% early Tuesday, following a more than 13% drop over the past five days. According to NS3.AI, this downturn coincided with the 10-year U.S. Treasury yield reaching 4.61%, marking a 12-month high, and the 30-year yield surpassing 5.18%. Goldman Sachs strategist Peter Oppenheimer noted that the rapid increase in yields could potentially trigger a correction in the equity market.