Sure, think of it as a systems problem. the moves today are in relation to the move in the 10 year yield spike. Tech stocks are inversely correlated to increas

Sure, think of it as a systems problem. the moves today are in relation to the move in the 10 year yield spike. Tech stocks are inversely correlated to increases in this yield and more specifically the steepening of the yield curve. The bond market is very large and moves in stocks can be understood with the yield curve: https://www.investopedia.com/terms/y/yieldcurve.asp https://www.investopedia.com/terms/y/yieldcurve.asp Gold went down today for a similar reason, it is strongly correlated to the real yield of a bond. Negative real yields favor gold.