(CNBC)Rising bond yields could keep a choke hold on tech and growth stocks for now, as investors bet the Federal Reserve will raise interest rates four or more times this year. Stocks tumbled Monday, with tech the worst performing sector as Treasury yields jumped. The Nasdaq was hard hit, slumping 2.6% while the S&P 500 lost 1.8%.
Rising interest rates could keep a choke hold on tech and growth stocks
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