Equities are under pressure, with the S&P 500 down 1.52% and the NASDAQ falling 1.74%, as the VIX surges 13.52% to 20.66.
Energy is the sole gainer, up 0.72%, while Industrials and Tech are the biggest losers, down 2.99% and 3.19%, respectively.
The 10Y Yield is up 0.39% to 4.62, and the US Dollar Index is down 0.38% to 100.94, as market participants weigh the impact of rising rates.
NVDA leads the decliners, down 3.86%, followed by JPM and TSLA, which are off 3.63% and 2.78%, respectively.
MSFT and AMZN are being closely watched, down 1.25% and 2.32%, respectively, as investors assess the broader tech landscape and potential implications for the market.