Bond Yields Trump Tech Stocks: A Shift in Market Priorities The US stock market suffered a significant drop on Tuesday, with the Dow, S&P 500, and Nasdaq all falling victim to rising bond yields.
This shift in priorities is not just about inflation fears or interest rate hikes; it's a sign that investors are recognizing the limits of tech driven growth. The 10 year Treasury yield's climb above 4.
6% has put pressure on stocks, particularly those with high valuations.