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[Markets] US STOCKS-S&P, Nasdaq slide 1% as surging yields hammer growth stocks The S&P and the Nasdaq fell more than 1% on Monday as rising bond yields weighed on megacap growth stocks such as Microsoft, Alphabet and Apple, with investors on edge ahead of Tuesday's inflation data. Shares of Microsoft Corp, Apple Inc and Alphabet Inc fell between 1.9% and 3.6%, as the benchmark 10-year Treasury yield climbed to 2.77% after touching a fresh three-year high earlier in the day. Published:4/11/2022 12:51:17 PM
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