Major_NP0 U.S._NP0 stock_NN1 indexes_NN2 pulled_VVD back_AVP Tuesday_NP0 as_CJS investors_NN2 sold_VVD government_NN1 bonds_NN2 along_AVP with_PRP shares_NN2 of_PRF technology_NN1 companies_NN2 that_CJT had_VHD powered_VVN higher_AJC in_PRP a_AT0 low-yield_AJ0 environment_NN1 ._SENT Declines_NN2 in_PRP shares_NN2 of_PRF Microsoft_NP0 ,_PUN Apple_NN1 ,_PUN replaced-dns_NP0 and_CJC Facebook_NP0 weighed_VVD on_PRP the_AT0 broad_AJ0 stock_NN1 market_NN1 ,_PUN while_CJS in_PRP bond_NN1 markets_NN2 ,_PUN the_AT0 yield_NN1 on_PRP the_AT0 benchmark_NN1 10-year_AJ0 U.S._NP0 Treasury_NN1 note_NN1 ticked_VVD higher_AJC ,_PUN hovering_VVG near_PRP its_DPS highest_AJS level_NN1 since_PRP January_NP0 2020._CRD Yields_NN2 rise_NN1 as_CJS prices_NN2 fall_VVB ,_PUN and_CJC the_AT0 brightening_AJ0 economic_AJ0 outlook_NN1 together_AV0 with_PRP concerns_NN2 about_PRP higher_AJC inflation_NN1 have_VHB sapped_VVN demand_NN1 for_PRP what_DTQ are_VBB seen_VVN as_PRP the_AT0 world_NN1 's_POS safest_AJS assets_NN2 ._SENT The_AT0 S_ZZ0 &_NN1 P_ZZ0 500_CRD fell_VVD 12.54_CRD points_NN2 ,_PUN or_CJC 0.3_CRD %_NN0 ,_PUN to_PRP 3958.55_CRD ,_PUN off_PRP 0.4_CRD %_NN0 from_PRP its_DPS record_NN1 close_AJ0 last_ORD week_NN1 ._SENT The_AT0 Dow_NP0 Jones_NP0 Industrial_AJ0 Average_NN1 dropped_VVD 104.41_CRD points_NN2 ,_PUN or_CJC 0.3_CRD %_NN0 ,_PUN to_PRP 33066.96_CRD ._SENT The_AT0 Nasdaq_NP0 Composite_NN1 slipped_VVD 14.25_CRD points_NN2 ,_PUN or_CJC 0.1_CRD %_NN0 ,_PUN to_PRP 13045.39_CRD ._SENT The_AT0 yield_NN1 on_PRP the_AT0 10-year_AJ0 Treasury_NN1 note_NN1 ,_PUN meanwhile_AV0 ,_PUN rose_VVD to_PRP 1.724_CRD %_NN0 ,_PUN from_PRP 1.721_CRD %_NN0 on_PRP Monday_NP0 ._SENT The_AT0 rise_NN1 in_PRP yields_NN2 ,_PUN which_DTQ were_VBD as_AV0 low_AJ0 as_CJS 0.915_CRD %_NN0 at_PRP the_AT0 start_NN1 of_PRF the_AT0 year_NN1 ,_PUN has_VHZ curbed_VVN investor_NN1 appetite_NN1 for_PRP technology_NN1 stocks_NN2 ,_PUN which_DTQ often_AV0 are_VBB afforded_VVN high_AJ0 price_NN1 tags_NN2 based_VVN on_PRP expectations_NN2 of_PRF growth_NN1 far_AV0 into_PRP the_AT0 future_NN1 ._SENT After_PRP posting_VVG outsize_AJ0 returns_NN2 last_ORD year_NN1 ,_PUN shares_NN2 of_PRF Apple_NN1 and_CJC Amazon_NP0 are_VBB down_AVP in_PRP 2021._CRD "_PUQ With_PRP rates_NN2 up_AVP as_CJS much_AV0 as_CJS they_PNP have_VHB been_VBN just_AV0 since_CJS the_AT0 beginning_NN1 of_PRF the_AT0 year_NN1 ..._PUN that_DT0 's_VBZ hurting_VVG those_DT0 longer-duration_NN1 assets_NN2 in_PRP tech_NN1 ,_PUN "_PUQ said_VVD Paul_NP0 Cavazos_NP0 ,_PUN chief_AJ0 investment_NN1 officer_NN1 at_PRP American_AJ0 Beacon_NN1 Advisors_NN2 ._SENT The_AT0 economically_AV0 sensitive_AJ0 energy_NN1 ,_PUN financial_AJ0 and_CJC industrial_AJ0 sectors_NN2 ,_PUN meanwhile_AV0 ,_PUN are_VBB leading_VVG the_AT0 S_ZZ0 &_NN1 P_ZZ0 500_CRD this_DT0 year_NN1 ,_PUN as_CJS investors_NN2 move_VVB money_NN1 into_PRP shares_NN2 of_PRF companies_NN2 that_CJT would_VM0 benefit_VVI from_PRP an_AT0 economic_AJ0 rebound_NN1 ._SENT Shares_NN2 of_PRF American_AJ0 Airlines_NN2 Group_NN1 ,_PUN United_AJ0 Airlines_NN2 Holdings_NN2 and_CJC cruise_NN1 company_NN1 Carnival_NN1 each_DT0 added_VVD more_AV0 than_CJS 3_CRD %_NN0 Tuesday_NP0 ._SENT Consumers_NN2 ,_PUN as_CJS well_AV0 as_CJS investors_NN2 ,_PUN have_VHB grown_VVN more_AV0 optimistic_AJ0 about_PRP the_AT0 U.S._NP0 economy_NN1 ._SENT Data_NN0 Tuesday_NP0 from_PRP the_AT0 Conference_NN1 Board_NN1 showed_VVD consumer_NN1 confidence_NN1 in_PRP the_AT0 U.S._NP0 rose_VVD in_PRP March_NP0 to_PRP its_DPS highest_AJS level_NN1 since_PRP the_AT0 pandemic_AJ0 started_VVD a_AT0 year_NN1 ago_AV0 ._SENT "_PUQ We_PNP absolutely_AV0 have_VHB seen_VVN market_NN1 participants_NN2 feel_VVB fairly_AV0 confident_AJ0 putting_VVG capital_NN1 to_TO0 work_VVI ,_PUN "_PUQ said_VVD Michael_NP0 Hans_NP0 ,_PUN chief_AJ0 investment_NN1 officer_NN1 at_PRP Clarfeld_NP0 Citizens_NN2 Private_AJ0 Wealth_NN1 ._SENT "_PUQ It_PNP 's_VBZ nice_AJ0 to_TO0 see_VVI that_CJT follow_VVB through_AVP across_PRP the_AT0 consumer_NN1 confidence_NN1 as_CJS well_AV0 ._SENT "_PUQ Some_DT0 investors_NN2 note_VVB that_CJT risks_NN2 from_PRP the_AT0 pandemic_AJ0 remain_VVB ._SENT Biden_NP0 administration_NN1 officials_NN2 have_VHB warned_VVN that_CJT the_AT0 spread_NN1 of_PRF new_AJ0 variants_NN2 ,_PUN an_AT0 increase_NN1 in_PRP travel_NN1 and_CJC loosened_AJ0 restrictions_NN2 could_VM0 lead_VVI to_PRP a_AT0 surge_NN1 in_PRP cases_NN2 and_CJC deaths_NN2 ._SENT 
