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Spike in bond yields spooks investors, deflates tech stocks

A trader works on the floor of the New York Stock Exchange, Tuesday, Sept. 28, 2021. Technology companies led a broad sell-off in stocks on Wall Street Tuesday, putting the S&P 500 index on track for its biggest drop since May. (AP Photo/Richard Drew)

Trader John Romolo works on the floor of the New York Stock Exchange, Tuesday, Sept. 28, 2021. Technology companies led a broad sell-off in stocks on Wall Street Tuesday, putting the S&P 500 index on track for its biggest drop since May. (AP Photo/Richard Drew)

Specialist Gregg Maloney works on the floor of the New York Stock Exchange, Tuesday, Sept. 28, 2021. Technology companies led a broad sell-off in stocks on Wall Street Tuesday, putting the S&P 500 index on track for its biggest drop since May. (AP Photo/Richard Drew)

Specialists Specialist John McNierney, left, and Meric Greenbaum work on the floor of the New York Stock Exchange, Tuesday, Sept. 28, 2021. Technology companies led a broad sell-off in stocks on Wall Street Tuesday, putting the S&P 500 index on track for its biggest drop since May. (AP Photo/Richard Drew)

Spike in bond yields spooks investors, deflates tech stocks