Stocks fall slightly after rally | Rocket shares' best day ever | 10% GDP Growth?

U.S. stocks fell on Tuesday led by technology names, as the market gave back some of the strong gains from the previous session.

VIEW IN BROWSER | SUBSCRIBE TUE, MAR 02, 2021 EVENING BRIEF AS OF TUE, MAR 02, 2021 • 04:43 ET DJIA 31391.52 -0.46% -143.99 S&P 500 3870.29 -0.81% -31.53 NASDAQ 13358.79 -1.69% -230.04   Most Active DOW NAME LAST CHG %CHG AAPL 125.12 -2.67 -2.09% INTC 61.24 -1.64 -2.61% MSFT 233.87 -3.07 -1.30% S&P 500 NAME LAST CHG %CHG F 12.55 +0.57 +4.76% AAPL 125.12 -2.67 -2.09% GE 12.98 -0.13 -0.99% NASDAQ NAME LAST CHG %CHG AAPL 125.12 -2.67 -2.09% AMD 84.13 -2.26 -2.62% TSLA 686.44 -31.99 -4.45%   EDITOR'S NOTE Bond yields continued to stabilize Tuesday, but the stock market didn't seem to care anymore as major averages pulled back from a broad rally in the previous session.   The S&P 500 slid 0.8% following its best day since June, while the Dow Jones Industrial Average dipped 143 points. The tech-heavy Nasdaq Composite underperformed with a 1.7% decline. The yield on the benchmark 10-year Treasury note fell another 4 basis points to 1.41%, well below last week's high of 1.6%.   One stock that turned heads Tuesday was Rocket Companies, whose shares surged more than 70% on no apparent news. The online mortgage provider currently has large short bets placed against it by hedge funds and appears to have garnered some bullish interest from day traders on Reddit's infamous WallStreetBets chat room.   Nearly 40% of its available shares are sold short and it is near the top of the list of U.S. companies in terms of size of short bets by hedge funds, according to FactSet. That makes it a classic target for meme-obsessed investors, who this year have been storming together into shares and call options of heavily shorted companies in order to squeeze out short sellers. Yun Li | CNBC Markets and Investing Reporter @YunLi626 TOP NEWS  Stocks pull back after big rally, Dow closes more than 100 points lower Democrats aim to send $1.9 trillion Covid relief bill to Biden by the end of next week Shares of Rocket Companies, a large short target of hedge funds, jump more than 70% 10% GDP growth? The U.S. economy is on fire, and is about to get stoked even more Biden SEC pick Gensler grilled over bitcoin, GameStop mania and board diversity As Rocket Mortgage pops, here are some other top short squeeze candidates Tesla vs. Lucid: Here's how the EV rivals are and aren't alike Square stock jumps after Jack Dorsey's company launches its own bank Covid live updates: Texas governor lifts capacity limits on businesses, ends statewide mask mandate Facebook's growth rate could be impacted by Covid vaccines as consumers shift spending to services, CFO says   TOP VIDEO It's a fool's game to predict an end to the bull market every time we make a new low in rates, says Scott Minerd   CNBC PRO Goldman says investors should buy these kinds of stocks if they fear higher rates   SPECIAL REPORTS How much I overpaid by living off bitcoin for a week Netflix leads Hollywood but lags the S&P 500, so buy the weakness, strategists say   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS