Stocks Tumble on Tech Stock Weakness and Higher Bond Yields

On the dovish side, Philadelphia Fed President Anna Paulson said, "On net, I am still a little more concerned about labor market weakness than about upside risks to inflation."In addition, Cleveland Fed President Beth Hammack said, "I would prefer for the Fed to be on a slightly more restrictive stance to help continue to put pressure" on the inflation side of its mandate.Hawkish Fed comments today have pushed T-note yields higher and are weighing on stocks. The 10-year T-note yield up about +2 bp after Chi ...