Megacap stocks Microsoft Corp MSFT.O, Amazon.com AMZN.O, Apple Inc AAPL.O, Google-owner Alphabet Inc GOOGL.O, Meta Platforms FB.O and Tesla Inc TSLA.O fell between 1.9% and 3.2% in premarket trading. Yield on the benchmark 10-year Treasury note US10YT=RR rose to 3.19%, its highest level since November 2018, as data last week underscored strength in the U.S. economy and investors bet on bigger rate hikes by the Fed to curb surging inflation. IRPR Technology-focused growth stocks have faced the brunt of the selloff this year, as their returns and valuations are discounted more deeply when yields rise.