Nasdaq leads stocks down as bond yields rise

  • Nasdaq leads stocks down as bond yields rise

    The tech-heavy Nasdaq Composite led all three of the major market averages lower on Tuesday as bond yields rose, with the 10-year Treasury touching 3.56%. Communication companies were the weakest S&P sector, while energy and industrials bucked the selling as oil rose 0.5% to $73.20 per barrel.

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