Coca-Cola Co (NYSE:KO) shares are trading lower by 1.2% to $56.91 during Monday's session, despite a lack of company-specific news. The volatility is attributed to concerns about future rate hikes following last Wednesday's FOMC statement and lower-than-expected initial jobless claims data. Higher interest rates can increase Coca-Cola's cost of capital and decrease the present value of the company's future cash flows, putting downward pressure on its stock price. Additionally, rising interest rates make fixed-income investments like bonds more attractive compared to dividend-paying stocks like Coca-Cola.