Rising Treasury yields, surging oil prices and a strengthening dollar pushed the S&P 500 below key technical support levels, creating what analysts call a "triple threat" for stocks.
The convergence of the three factors sent broad market indices lower as investors reassessed their positions. The dollar's confirmation of a breakout toward a longer-term uptrend particularly weighed on equities sensitive to currency movements.
Despite the headwinds, some market segments and asset classes offered investors potential refuge from the broader selloff.