US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again
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businessinsider said that The drop in US technology stocks looked set to resume on Tuesday morning, with Nasdaq 100 and S&P 500 futures sliding, after rising bond yields spooked investors and triggered a sharp sell-off on Monday.Meanwhile, bitcoin plunged again to below $48,000 after hitting a record high of above $58,000 the previous week.Nasdaq futures were 1.55% lower after the index plunged 2.46% on Monday, when big tech names such as Apple and Amazon shed 2%, or more, as doubts set in about the recent rally.
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Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
