India, Aug. 19 -- The S&P 500 fell on Tuesday as government bond yields rose sharply. The rise in yields increased fears about higher inflation and borrowing costs. The S&P 500 fell 0.5%. The Nasdaq Composite fell even more, dropping 1.1%. Semiconductor stocks saw heavy selling, putting more pressure on the index.

Semiconductor stocks were among the biggest losers. Western Digital fell nearly 7%, while Sandisk dropped about 8%. Marvell Technology and Seagate Technology also fell around 8% each, adding to pressure on the technology-heavy Nasdaq, according to CNBC.

The Dow Jones Industrial Average also ended lower, falling 77 points, or 0.1%. Home Depot helped limit the Dow's losses. Its shares rose about 1% after the home improvement com...