NEW YORK (CNNMoney.com) - Technology led the early declines Tuesday as a less bullish than hoped for mid-quarter update from Texas Instruments gave investors a reason to bail out of chips and other sectors.

Rising Treasury yields added to the concerns.

The Nasdaq composite (down 10.54 to 2,275.49, Charts) lost around 0.5 percent in the early going. The Dow Jones industrial average (down 19.29 to 10,939.30, Charts) was little changed and the Standard & Poor's 500 (down 3.70 to 1,274.56, Charts) index lost around 0.2 percent.

Texas Instruments narrowed its first-quarter earnings and revenue forecast to the high end of the range it gave in January. The revised forecast was part of the chipmaker's mid-quarter update, delivered late Monday.

Although the revision set the midpoint of the range above analysts' targets, TI (down $0.99 to $31.34, Research) stock still declined more than 3 percent Tuesday morning, amid disappointment that the new forecast was not even more upbeat.

That was partly because last week, fellow chipmaker Intel warned that first-quarter revenue would miss forecasts.

A spike in Treasury yields sent stocks lower Monday, with investors retreating from economically-sensitive areas of the market. Falling oil prices also caused a selloff in energy stocks, the biggest gainers of 2005.

Treasury yields initially spiked early Tuesday morning, but had flattened out by the time stock trading began. Nonetheless, concerns about higher interest rates persisted.

Treasury prices were little changed, with the yield on the 10-year note hovering at around 4.75 percent -- a 21-month high. Yields have surged over the last week amid worries about higher global rates.

Investors also eyed the downwardly revised reading on fourth-quarter productivity.

U.S. light crude oil for April delivery lost 5 cents to $62.36 a barrel in electronic trading.

In currency trading, the dollar was higher versus the euro and little changed versus the yen.

COMEX gold for April delivery fell $1.10 to $555.70 an ounce.

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