US stock markets extended losses on Tuesday, with Wall Street moving further away from record highs as technology stocks lost momentum and investors remained cautious over rising bond yields, oil price volatility and geopolitical uncertainty.

The US stock market fell from its records on Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market.

US stocks closed mixed as Nasdaq slipped due to profit booking and rising Treasury yields, while Dow edged higher. Oil prices surged on supply disruption fears but later eased…