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Nasdaq drops 2% as tech shares are slammed on higher rate fears, Dow falls 400

https://www.wnd.com/2022/04/nasdaq-drops-2-tech-shares-slammed-higher-rate-fears-dow-falls-400/

(CNBC) — Stocks fell on Monday as investors grew increasingly concerned a three-year high in the benchmark U.S. interest rate would start to slow the economy.

The 10-year Treasury yield jumped above 2.79% on Monday, levels not seen since January 2019, as the Federal Reserve braces investors for tighter monetary policy ahead.