US stock market suffered another sharp selloff Tuesday as rising Treasury yields, renewed inflation fears, and a brutal semiconductor pullback rattled investors across Wall Street. The 30-year US Treasury yield crossed 5.18%, a level not seen in nearly 19 years, and that number cascaded through every corner of equities — from big-tech valuations to consumer spending forecasts to the highly leveraged bets sitting inside semiconductor stocks.
The Dow Jones Industrial Average fell 237 points, the S&P 500 dropped 0.75%, and the Nasdaq Composite sank 1.11% — marking the third consecutive losing session for all three benchmarks. Just last week, the S&P 500 and Nasdaq were printing fresh all-time highs, and the Dow had briefly recaptured the psychologically important 50,000 level. That euphoria has now curdled into something more cautious and fragile. When the bond market speaks this loudly, even the most committed equity bulls are forced to listen.
