Stocks fall as yields continue to climb; GameStop surges

Stocks moved solidly lower Thursday as the recent theme of the market — rising bond yields and falling prices of technology companies — continued to weigh on trading.

Shares of several companies embraced by online retail investors earlier this year were sharply higher, including GameStop, which surged 55%.

The S&P 500 index fell 0.8% as of 11:05 a.m. Eastern. The Dow Jones Industrial Average was down 0.4%, and the Nasdaq Composite, weighted heavily toward technology companies, was down 1.2%.

Once again it was the bond market that was driving the stock market’s direction and investors’ moods. The yield on the 10-year U.S. Treasury note rose to 1.48%, a level

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