The U.S. stock market closed lower on Tuesday, with the S&P 500, Nasdaq Composite, and Dow Jones all posting declines. The S&P 500 fell 53.30 points (-0.69%), the Nasdaq Composite dropped 355.20 points (-1.33%), and the Dow Jones declined 116.38 points (-0.22%). The broad-based selloff was driven by elevated global bond yields and rising oil prices, which weighed on energy and commodity-related stocks. The tech sector, particularly chip stocks, was under pressure, with names like Micron, Coherent, and Credo experiencing significant declines. The selloff in bond markets, pushing yields to multiyear highs, also contributed to the negative sentiment.

The headlines highlighted a mixed tone, with some articles emphasizing the selloff in tech stocks and the broader market, while others noted strong second-quarter earnings reports and positive developments in specific sectors. The overall market sentiment leaned towards risk-off, with investors reacting to the elevated bond yields and the broader economic environment. Notable themes included the impact of the global bond selloff on equity markets, the performance of chip stocks, and the earnings reports from companies like Home Depot. The market's retreat to two-week lows underscored the volatility and uncertainty in the current environment.