Nasdaq Falls as Tech Stocks Slide on Yield Worries

The tech-heavy Nasdaq Composite fell 0.5% to close at 26,090, while the broader S&P 500 slipped 0.07% to 7,403, as rising bond yields and supply concerns weighed on the technology sector [1]. The blue-chip Dow Jones Industrial Average bucked the trend, rising 0.3% to 49,686, while energy stocks outperformed amid a jump in oil prices [1]. Investors reacted to a surge in Treasury yields, which stoked fears that borrowing costs could remain elevated, impacting the valuations of high-growth companies [1, 2].

Key takeaways

• The Nasdaq Composite dropped 0.5% and the S&P 500 fell 0.07%, while the Dow Jones Industrial Average rose 0.3% [1].
• Tech stocks declined as the 10-year Treasury yield hit its highest level since May 2025 and oil prices settled above $108 per barrel [1, 2].
• Seagate Technology shares tumbled 6.9% after its CEO warned that increasing chip production capacity would take too long and slow growth rates [1].
• Nvidia fell 1.3% ahead of its earnings report, though analysts expect the AI chipmaker to exceed estimates [1].
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