Shares of tech and software stocks are trading lower amid rising Treasury yields, which have negatively impacted growth stocks.
Portfolio Pulse from Benzinga Newsdesk
Tech and software stocks are trading lower due to rising Treasury yields, which have negatively impacted growth stocks. The stocks mentioned include BILL, CRWD, DDOG, HUBS, MDB, MSFT, NET, NOW, ORCL, PLTR, SHOP, U, ZS.
October 03, 2023 | 4:41 pm
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NEGATIVE IMPACT
BILL's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes BILL.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
CRWD's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes CRWD.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
DDOG's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes DDOG.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
HUBS's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes HUBS.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MDB's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes MDB.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MSFT's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes MSFT.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NET's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes NET.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NOW's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes NOW.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ORCL's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes ORCL.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PLTR's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes PLTR.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SHOP's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes SHOP.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
U's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes U.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ZS's stock is trading lower due to rising Treasury yields.
Rising Treasury yields often lead to a decrease in the value of growth stocks, which includes ZS.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100