U.S. equities continued to fall on Wednesday as 10-year U.S. Treasury yield rose to 5.04%, the highest level since 2007.
The S&P 500 dropped 0.53%, while the Nasdaq Composite dipped 1%. The Dow Jones Industrial Average was down 59.74 points, or 0.12%.
Big techs fell. Intel, Alphabet down nearly 3%; Amazon, Broadcom, Oracle, AMD down around 2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.