((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Oct. 7 – **Shares of U.S. tech heavyweights fall in pre-market trading
** The 10-year U.S. Treasury yield US10YT=RR climbs to 4% for the first time in two months after strong U.S. jobs data on Friday left markets betting on another major rate cut from the share of the US Federal Reserve/
**A rise in Treasury yields, which are considered risk-free rates, decreases the value of big tech companies’ future cash flows
** 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 stocks
** Futures linked to the tech-heavy Nasdaq 100 NQcv1 are down 0.7%
