US Stock Market Today: NASDAQ 100 Slides 1.9% as Tech Stocks Weigh on Wall Street
Treasury yields rose as traders weighed the path for interest rates. The 30-year Treasury yield climbed 4 basis points to about 4.84%. The 10-year yield added 2 basis points to around 4.18%. Higher long yields pressured tech shares.
Federal Reserve officials kept inflation in focus. Cleveland Fed President Beth Hammack said she would prefer policy to stay slightly more restrictive.