Stocks fall on Wall Street as tech slips, bond yields jump

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed lower on Wall Street Tuesday and bond yields jumped as remarks by a Federal Reserve governor fueled expectations on Wall Street that the central bank is prepared to more aggressively raise interest rates and take other steps in a bid to tame surging inflation. The S&P 500 fell 1.3%, its first loss in three days. Weakness in big technology stocks weighed down the market most. Twitter rose after disclosing an arrangement with Tesla chief Elon Musk that will give him a board seat but also limit how much of the company he can buy while he’s a director.