Rising bond yields push Big Tech stocks lower
** Shares in heavyweight U.S. tech stocks slip in premarket trading
** U.S. 10-year Treasury yield US10YT=RR climbs to 4% for the first time in two months after Friday's strong U.S. jobs data leaves markets betting against another jumbo rate cut from the Federal Reserve US/
** A rise in Treasury yields, which are regarded as risk-free rates, diminishes the value of the future cash flow of large tech firms
** Netflix NFLX.O, Tesla TSLA.O, Alphabet GOOGL.O, Amazon.com AMZN.O, Nvidia NVDA.O, Microsoft MSFT.O, Apple AAPL.O, Meta Platforms META.O fall between 0.3% and 1.9%
** A handful of broker downgrades also weigh on the shares
** Futures tied to the tech-heavy Nasdaq 100 NQcv1 down 0.7%
Reporting by Paolo Laudani
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