Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.
Futures on the Nasdaq, a proxy for technology and growth stocks, underperformed against the other two major stock indexes, dropping 1.5% ahead of the opening bell.
The rapid rotation away from growth and technology stocks came as Treasury yields added to recent gains. The yield on the benchmark 10-year note jumped more than 5 basis points to top…
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