Tech Stocks Drive Nasdaq’s Fourth Consecutive Day of Decline

A run-up in bond yields and more AI chip export controls drive down tech stocks. Pershing Square Capital Management proposes $1 billion takeover bid for Howard Hughes Holdings. And Macy’s warns that weak holiday sales hit its year-end revenue. Danny Lewis reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices