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Nasdaq drops as Treasury yields climb, pressuring AI and chip names
The selloff came Tuesday amid investor concern about rising Treasury yields.
Dow Jones, Nasdaq, and other major stock indexes fell on Tuesday as investors turned more cautious, with sentiment weighed by concerns over rising Treasury yields, according to Yahoo Finance.
Shares also slid across selected growth and technology themes, with Nvidia, Micron, and Sandisk among the notable decliners cited in the live market coverage.
The tape also included company specific moves within the same session, including a sharp gain for Cerebras as the stock surged on AI optimism highlighted in coverage of the firm’s comments, alongside other movers such as Rolls-Royce reaching a new high in 14 years.
In the broader index pressure, the coverage described the decline as driven by yields, with major averages trading lower across the open market day.
Latest closeNasdaq Comp. 26,729.16 ▼0.3%|Dow Jones 53,732.41 ▼0.2%