Treasury yields rise following strong U.S. services sector growth in December; U.S. indices decline

S&P 500: 5,909.03 (-1.1%)
Nasdaq-100: 21,173.04 (-1.8%)
DJIA: 42,528.36 (-0.4%)
Eurostoxx: 5,011.82 (+0.5%)
U.S. crude futures: 74.25 (+0.9%)

U.S. major indices slid on Tuesday, following rising Treasury yields on the back of strong U.S. services sector growth in December. The S&P 500 and Nasdaq-100 both fell by more than 1%, erasing Monday’s gains as tech stocks dragged. Shares of Nvidia led the losses, falling more than 6% while Tesla decline 4%. The Dow Jones fell for a second day, tumbling more than 170 points to close 0.4% lower.

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