Strong earnings from memory chip maker Micron are also helping sentiment—the stand out figure for me is its gross margin of 87%—compare that with the likes of old school manufacturers like Ford which hovers around 8%. For those hooked on a little bit of gloom to kick off the morning, the 10-year Treasury yield reached its highest level since 2002 on a cocktail of macro concerns. You can subscribe to the Barron’s Daily newsletter here. Continue Reading
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