Tech stocks led Tuesday’s selloff as the Nasdaq Composite fell 1.33%, followed by a 0.69% decline for the S&P 500, and a 0.22% correction for the Dow Jones Industrial Average.
One reason for the selloff: U.S. 30-year Treasury bond yields hit a new 19-year high. That’s not good news for the U.S. government, which has already paid out $1.2 trillion in interest on its nearly $40 trillion in debt in 2026.