US stocks fall as global bond sell-off deepens
Tech shares extend recent declines as rising debt piles in many major economies concern investors
Tech shares extend recent declines as rising debt piles in many major economies concern investors

Doubts over December interest rate cut from Federal Reserve exacerbate jitters about high valuations

Gold and silver also drop while Treasuries rally

Weak private sector jobs data adds to nerves over elevated valuations for AI-linked companies

Cautious comments from top bank executives add to jittery sentiment on Wall Street

Private capital groups also suffer steep losses

Sell-off provides a reminder of the risks of the sector’s dominance in public and private markets