US stocks finished in the red Tuesday as tech shares bore the brunt of rising bond yields amid easing turmoil within the banking sector.
The tech-concentrated Nasdaq Composite put in the worst performance among key indexes. The S&P 500 fell for the first time in four sessions, with theTech stocks were stung by a rise in the 2-year Treasury yield, pushing above 4% for the first time in nearly a week. Higher yields slice into the value of future profit for tech and other growth companies.
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