The Nasdaq fell more than 1 percent on Monday, leading Wall Street’s main indexes lower, as rising bond yields weighed on megacap stocks such as Microsoft and Apple with investors on edge ahead of Tuesday’s inflation data. Shares of Microsoft Corp., Apple Inc., and Nvidia Corp. fell between 1.9 percent and 4.1 percent as the benchmark 10-year Treasury yield climbed to 2.75 percent after touching a fresh three-year high earlier in the day. The S&P 500 technology index slid 1.9 percent, the most among the 11 major S&P sectors, while the Philadelphia semiconductor index dropped 1 percent. Market-leading growth and technology stocks, that were underpinned by record low interest rates, have come under pressure since late March on signals from the Federal Reserve that it will hike rates aggressively to control soaring inflation. Data on Tuesday is expected to show U.S. consumer prices leapt to a fresh four-decade high of …
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