Since the yield surge began in mid-February, the Russell 1000 growth index has fallen 7.7% against a 1.8% gain for its counterpart value index consisting of cyclical stocks such as financials and energy. Technology-related stocks, including Facebook Inc, Apple Inc and Amazon.com Inc, fell between 1% and 1.5% after bearing the brunt of the sell-off in the past three weeks on fears of higher interest rates as the benchmark 10-year Treasury yield scaled one-year highs.
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