The Nasdaq tumbled for a second straight session on Tuesday, and the S&P 500 also fell, as rising Treasury yields prompted investors to sell Tesla, Microsoft and other Big Tech names.
Declining issues outnumbered advancing ones on the NYSE by a 1.46-to-1 ratio; on Nasdaq, a 2.02-to-1 ratio favored decliners.
The S&P 500 posted 12 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 47 new highs and 459 new lows.Additional reporting by Ambar Warrick and Devik Jain in Bengaluru; Editing by Maju Samuel and Aurora EllisSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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