Bill Gross Says Stick to Value Stocks, Avoid Tech as US Yields Soar

Bill Gross offered some advice to investors as Treasuries and equities slumped Thursday after some worrisome US economic data: “Stick to value stocks, avoid tech for now.”

If investors must dabble in technology companies they should buy Microsoft Corp., the erstwhile bond king wrote in a post on social-media platform X, in which he also quoted Don McLean’s 1971 hit song “American Pie.”