Nasdaq Ends Sharply Lower; Rising Treasury Yields Sink Big Tech

Nasdaq Ends Sharply Lower; Rising Treasury Yields Sink Big Tech
A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City on Sept. 17, 2019. Brendan McDermid/Reuters
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Wall Street ended sharply lower on Monday (Oct. 4) as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default also fed caution.

Apple, Microsoft, Amazon, and Alphabet, the U.S. stock market’s four most valuable companies, each dropped more than 2 percent.