(Bloomberg) -- A rotation that has seen investors bail from richly priced technology names in favor of more economically sensitive industries resumed, dragging down the S&P 500 while lifting the majority of its companies.

The S&P 500 fell 2.64% as investors rotated from tech into healthcare and consumer staples. Bitcoin dropped below $60K amid rising Treasury yields.

(Bloomberg) -- A rotation that has seen investors bail from richly priced technology names in favor of more economically sensitive industries resumed, dragging down the S&P 500…