US stocks tumbled on Wednesday, S&P 500 marking its biggest daily decline since Feb. 8

U.S. stocks tumbled on Wednesday, with the S&P 500 marking its biggest daily decline since Feb. 8, and technology stocks led the losses as rising U.S. Treasury yields sent investors fleeing from risky assets.

U.S. stocks tumbled on Wednesday, with the S&P 500 marking its biggest daily decline since Feb. 8, and technology stocks led the losses as rising U.S. Treasury yields sent investors fleeing from risky assets.

The Dow Jones Industrial Average fell 831.83 points, or 3.15 per cent, to 25,598.74, the S&P 500 lost 94.66 points, or 3.29 per cent, to 2,785.68 and the Nasdaq Composite dropped 315.97 points, or 4.08 per cent, to 7,422.05.