Stocks fall as tech retreats on Wall Street

Technology companies led a broad slide for stocks on Wall Street Monday, as rising bond yields and energy prices stoked investors’ concerns about higher inflation.

The S&P 500 fell 1.3%, the Dow Jones Industrial Average dropped 0.9% and the tech-heavy Nasdaq lost 2.1%.

The S&P 500 fell 56.58 points to 4,300.46. The decline follows the benchmark index’s worst week since winter and a 4.8% pullback for September, the S&P 500’s first monthly loss since January. The Dow Jones Industrial Average dropped 323.54 points to 34,002.92. The Nasdaq lost 311.21 points to 14,255.48.

Small company stocks also fell. The Russell 2000 index gave up 24.16 points, or 1.1%, to 2,217.47.

The yield on the 10-year Treasury rose to 1.49% from 1.47% Friday. The yield was at 1.31% on Sept. 20.