Futures tumble as surging yields hit growth stocks | Fintech Zoom – World Finance

A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>April 11 (Reuters) – Wall Street futures fell on Monday, dragged lower by high-growth stocks as Treasury yields surged to fresh highs ahead of Tuesday’s inflation data that could back a more hawkish stance from the Federal Reserve.

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>Electric-car maker Tesla Inc ((TSLA).O) fell 3.4% in premarket trading after data showed China auto sales plunged in March, hurt by the country’s curbs to rein in COVID-19 outbreaks. read more

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>Twitter Inc (TWTR.N) declined 2% after the micro-blogging site said Tesla boss Elon Musk rejected its offer to join the company’s board. read more

3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>Megacap growth stocks such as Meta Platforms (FB.O) and Microsoft Corp ((MSFT).O),…