Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq plunges over 400 pts as tech stocks slide; high yields fuel inflation fears

The Nasdaq composite dropped over 400 points on Tuesday, led by a decline in tech stocks, as investors grappled with concerns about rising inflation and higher yields.

This is the latest in a series of volatile sessions on Wall Street, with the S&P 500 and Dow Jones Industrial Average also experiencing significant swings.

The tech-heavy Nasdaq has been particularly sensitive to changes in interest rates, as investors seek higher yields elsewhere.

The yield on the 10-year Treasury note, which moves inversely to its price, reached its highest level since January 2020 on Tuesday.