Shares of technology and software stocks are trading lower amid rising Treasury yields, which have negatively impacted growth stocks.
Portfolio Pulse from Benzinga Newsdesk
Technology and software stocks are trading lower due to rising Treasury yields, which have negatively impacted growth stocks.
October 03, 2023 | 7:16 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Optoelectronics (AAOI) stock may be negatively impacted by rising Treasury yields.
Rising Treasury yields often lead to a decrease in growth stocks, which includes technology and software stocks like AAOI.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
ACI Worldwide (ACIW) stock may be negatively impacted by rising Treasury yields.
Rising Treasury yields often lead to a decrease in growth stocks, which includes technology and software stocks like ACIW.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Adobe (ADBE) stock may be negatively impacted by rising Treasury yields.
Rising Treasury yields often lead to a decrease in growth stocks, which includes technology and software stocks like ADBE.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50