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[Markets] US STOCKS-Wall Street slides as jumping Treasury yields pummel growth stocks Wall Street slid on Monday as investors began the holiday-shortened week with a flight to safety, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major U.S. stock indexes were red, with tech and tech-adjacent stocks pulling the Nasdaq down the most. "Growth stocks are the most impacted by yield moves," said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York, who added that they tend to "do very well in an economic slowdown." Published:4/11/2022 1:45:47 PM
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