The Nasdaq 100 surged more than 4% on Tuesday after it entered into correction territory on Monday, falling more than 10% from its recent highs.Sign up here for our daily newsletter, 10 Things Before the Opening BellThe Nasdaq 100 had its best trading session since April 2020, surging more than 3.7% after entering correction territory on Monday. The Nasdaq 100 was down more than 10% from its mid-February high on Monday.
High-growth tech stocks have been extra volatile as movements in bond yields continued to have an outsized influence on the sector. Interest rates fell on Tuesday, helping boost demand for growth stocks, with the 10-Year US Treasury Note falling to 1.54% from a high on Monday of 1.59%.
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