NEW YORK (AP) — Wall Street sank on Tuesday as rising pressure from the bond market pulled U.S. stocks further from their records.

The S&P 500 fell 0.7% for its worst day in a month after paring a loss that earlier reached 1.5%. The Dow Jones Industrial Average dropped 249 points, or 0.5%, and the Nasdaq composite lost 0.8%. All three are still relatively close to their recently set all-time highs.

Big Tech companies led the market lower. They’ve been soaring for years on expectations that they’ll continue to dominate the economy, but they have also shot so high that critics say their prices have become too expensive.

Nvidia, whose chips are powering much of the world’s move into artificial-intelligence technology, fell 2% and was the single strongest force pulling the S&P 500 downward.

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