Spiking bond yields killed this morning’s stock market rally, but the damage was mostly limited to a few large tech firms.
With the S&P 500 down 0.4%, roughly 300 of the stocks in the index are actually on track to close higher. The worst three performers are Palantir Technologies, Nvidia, and Tesla.
The Nasdaq Composite was down 1%, while the Dow was up 57 points, or 0.1%.