SQUAWK BOX, TUESDAY 10TH MAY, 2022

The S&P 500 sinks below the 4,000-point level – its lowest in more than a year - as the tech sell-off accelerates. The past three sessions have seen more than $1tn in mega-cap losses. Oil is down on demand concerns while the 10-year Treasury bill reaches its highest level since late 2018. In forex news the dollar is at a near-two decade high while cryptocurrencies are down, with Bitcoin leading the losses. And in autos news, Tesla has once again been forced to halt production at its Shanghai plant over supply issues while CEO Elon Musk hints at a potential agreement with the EU over Twitter’s regulation.