Stocks fell to a new low for the year on Wall Street Tuesday and bond yields surged amid renewed jitters the Federal Reserve will lift interest rates to tackle rising inflation.

       The S&P 500, the Dow Jones Industrial Average and the Nasdaq fell. Technology stocks and banks led the decline.

       On Tuesday:

       The S&P 500 fell 85.74 points, or 1.8%, to 4,577.11.

       The Dow Jones Industrial Average fell 543.34 points, or 1.5%, to 35,368.47.

       The Nasdaq fell 386.86 points, or 2.6%, to 14,506.90.

       The Russell 2000 index of smaller companies fell 66.23 points, or 3.1%, to 2,096.23.

       For the year:

       The S&P 500 is down 189.07 points, or 4%.

       The Dow is down 969.83 points, or 2.7%.

       The Nasdaq is down 1,138.07 points, or 7.3%.

       The Russell 2000 is down 149.09 points, or 6.6%.