$Nasdaq Composite Index (.IXIC.US)$ Rising bond yields could...

$Nasdaq Composite Index(.IXIC.US)$ Rising bond yields could keep a choke hold on tech and growth stocks for now, as investors bet the Federal Reserve will raise interest rates four or more times this year.

Stocks tumbled Monday, with tech the worst performing sector as Treasury yields jumped. The Nasdaq was hard hit, slumping 2.6% while the S&P 500 lost 1.8%.

The 10-year yield, which moves opposite price, was at a new post-pandemic high of 1.87% Monday, after trading at just under 1.8% Friday. The 2-year yield also zipped higher, crossing above 1% to 1.04%. For perspective, the 2-year, which most reflects Fed policy, was just above 0.5% at the beginning of December. $S&P 500 Index(.SPX.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $Dow Jones Industrial Average(.DJI.US)$