stocks fell sharply tuesday with the techheavy nasdaq composite leading the way among major indexes after remarks by federal reserve gov lael brainard sparked a jump in treasury yields the dow jones industrial average djia fell around 280 points or 08 to close near 34642 according to preliminary figures while the sp 500 spx dropped 57 points or 13 o finish near 4525 the nasdaq comp gave up around 328 points or 23 finishing near 14204 brainard in a speech said the fed will continue tightening monetary policy methodically through a series of interest rate increases and by starting to reduce the balance sheet at a rapid pace as soon as our may meeting the 10year treasury yield tmubmusd10y jumped 145 basis points to 2554 yields and debt prices move opposite each other