Tech stocks have declined for a second day on concerns that rising long-term interest rates could stall the equity rally in high-growth companies.
The technology-focused Nasdaq Composite is down 1.5 per cent currently. On Monday, it had its worst day of the month, falling 2.5 per cent, while Tesla was down more than 8 per cent and Apple 3 per cent. European tech shares also sold off on Tuesday, with the regional Stoxx 600 tech index sliding 1.6 per cent.

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