Wall Street slides as rising Treasury yields snuff out stock rally

Twitter eases from one-year high, Tesla falls 5%; Rate-sensitive technology and related stocks like Nvidia Corp, Amazon.com, Apple Inc and Alphabet Inc fell between 1.8% and 4%

U.S. stocks fell on Wednesday as a two-day rally in growth stocks was cut short by rising Treasury yields after data showed despite rising interest rates, the demand in labor market remained firm and the services industry slowed modestly.
 

After posting a loss in the previous quarter, the benchmark S&P 500 index has gained 4% so far this week as yields fell for two straight sessions on softer U.S. economic data, UK's tax turnaround and Australia's smaller-than-expected rate hike.
 

But the yields on the 10-year Treasury note rose again sharply as traders reassessed their positions based on how aggressively they