A 2% 10-year yield could knock 20% off tech stocks, Ned Davis Research calculates

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New for subscribers: A 2% 10-year yield could knock 20% off tech stocks, Ned Davis Research calculates. Check out CNBCPro today.

Traders work on the floor of the New York Stock Exchange in New York, U.S., January 31, 2018.Surging bond yields sent technology shares sliding into correction territory at one point, and there could be an even more severe sell-off ahead if rates keep going higher, according to Ned Davis Research.

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