Stocks Slump as Tech Giants Stumble; Bitcoin Hits New High
• U.S. stocks slumped on Tuesday, led by declines in tech giants Apple and Tesla • Growth stocks took it on the chin, with the Nasdaq dropping 2% • Bitcoin hit a new record high Tuesday, topping $69K for the first time since November 2021 • Economic data pointed to continued expansion in the services sector • Treasury yields fell across the curve, with the 10-year and 30-year down 8 basis points each