Casualties are piling up across the stock market as bond yields rise.
The Nasdaq 100, down for a sixth straight day, has lost nearly $1 trillion in value. Growth stocks, by one measure, are in the midst of their worst month since the dot-com days. Speculative areas of the market including SPACs and newly public companies are facing harsh blows. This all as benchmark 10-year Treasury yields have pushed to the highest level in a year.
