The Nasdaq tumbled 2 per cent on Tuesday after weaker-than-expected consumer confidence data, while technology heavyweights took a hit from a surge in bond yields on expectations of higher interest rates and rising inflation.
At 10:08 a.m. ET, the Dow Jones Industrial Average was down 342.46 points, or 0.98 per cent, at 34,526.91, the S&P 500 was down 61.57 points, or 1.39 per cent, at 4,381.54, and the Nasdaq Composite was down 298.80 points, or 2.00 per cent, at 14,671.17.
