
U.S Stocks fall as soaring yields crush tech rally and chip stocks lead brutal slide

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U.S. stocks fell on Tuesday, with the S&P 500 down 0.8% and the Nasdaq Composite down 1.1%, as rising Treasury yields impacted tech and consumer stocks. The 30-year Treasury yield reached 5.198%, the highest in nearly 20 years, amid inflation concerns and geopolitical tensions. The Philadelphia Semiconductor Index dropped 1.4%, with investors moving away from chipmakers ahead of Nvidia's earnings, reflecting profit-taking after a strong AI-driven rally.
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