Tech stocks led the market lower again Tuesday.
The Nasdaq Composite Index entered its second bear market of 2022. That marks a close more than 20% below a recent high--in this case, the one from Aug. 15. Chip stocks were among the biggest losers, with Qualcomm, Applied Materials and ON Semiconductor all down more than 3%.
The air came out of the markets after Bank of England's chief said the central bank's pension rescue plan will end Friday, as scheduled. The pound fell 0.6%.
The bond market returned from a holiday with a fresh selloff, with Treasury yields testing the 4% level again before retreating.
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