Soaring Treasury yields clobbered tech stocks once again Thursday, triggering the Nasdaq to drop 3%. ReutersThe 10-year Treasury yield pulled back somewhat Friday, one day after hitting a 14-month high of 1.754%. Getty ImagesDow stock Nike fell 2.5% in Fridays premarket, the morning after the athletic footwear and clothing maker reported financial third-quarter revenue that missed out on price quotes. Sales growth of 2.5% to $10.36 billion was harmed by widespread port congestion in the U.S. and continuous shop closures in Europe. ReutersFedEx, a component of the Dow Jones Transportation Average, jumped 5% in Fridays premarket.

Skyrocketing Treasury yields clobbered tech stocks again Thursday, causing the Nasdaq to drop 3%. ReutersThe 10-year Treasury yield pulled back somewhat Friday, one day after hitting a 14-month high of 1.754%. Sales growth of 2.5% to $10.36 billion was hurt by prevalent port congestion in the U.S. and ongoing shop closures in Europe.

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