Strategists see more selling ahead after stocks sold off Tuesday, led downward by tech and large cap growth names.

sharp jump in interest rates over the last several sessions stung the market, particularly the growth names. At its high Tuesday, the yield on the benchmark 10-year Treasury had climbed to 1.56%, about a quarter-percentage point move since the Federal Reserve meeting last Wednesday.

The S&P 500 ended the session down 2%, and the Nasdaq was off by 2.8% because of the large concentration of tech names in the index. Ten of the 11 S&P 500 sectors were down, with tech losing 2.9%. Energy was the only advancer, gaining 0.4%