Reuters

US STOCKS-Wall Street falls as surging bond yields hammer tech shares

The Nasdaq fell the most among Wall Street indexes on Tuesday as technology heavyweights came under pressure from a surge in bond yields on expectations of higher interest rates and rising inflation. At 9:42 a.m. ET, the Dow Jones Industrial Average was down 88.89 points, or 0.25%, at 34,780.48, the S&P 500 was down 35.36 points, or 0.80%, at 4,407.75, and the Nasdaq Composite was down 209.42 points, or 1.40%, at 14,760.55.

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