Selloff in Tech Shares Deepens, Drags Down Market

By Anonymous

Monday’s declines extended a period of weakness for U.S. stocks

U.S. stocks stalled as a rout in the technology sector dragged down everything from chip makers to social-media companies to software developers.

Major indexes have been under pressure since last week, when a bond selloff sent Treasury yields to multiyear highs. The recent run in bond yields has made some wary that the market could be headed toward a rotation where investors are encouraged to pull back from riskier assets as holding risk-free ones become more attractive.