Wed Jan 08 14:11:49 UTC 2025: ## Market Plunges on Rising Yields, Tech Sector Leads Losses

**New York, NY** – A sharp reversal in the final minutes of trading sent major US stock indices plummeting on Tuesday. The Dow Jones Industrial Average closed down 300 points (0.7%), while the S&P 500 fell 1.4% and the Nasdaq Composite dropped 2.2%. The sell-off accelerated late in the day, with a significant portion of S&P 500 stocks finishing in the red, reversing earlier gains.

The tech sector bore the brunt of the selling pressure for much of the trading session, but the downturn broadened as the day progressed. This coincided with a significant spike in Treasury yields, with the 10-year note hitting 4.689% and the 30-year reaching 4.92%.

Trading volume surged to unprecedented levels. Nasdaq Composite volume reached a record high for the time of day (3 p.m. ET), surpassing previous records dating back to February 2010. Overall US exchange volume also hit its highest point since the January 2021 meme stock frenzy. This high volume indicates significant investor activity driven by the rising yields and subsequent market decline. Analysts are attributing the downturn to investor concerns spurred by the increase in bond yields.

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