Shares of software stocks are trading lower amid a rise in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Software stocks are trading lower due to a rise in Treasury yields. The stocks mentioned include CRM, HUBS, NOW, SHOP, TTD, TWLO.
October 18, 2023 | 7:49 pm
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NEGATIVE IMPACT
Salesforce (CRM) stock is trading lower due to a rise in Treasury yields.
The rise in Treasury yields often leads to a decrease in stock prices as investors move towards safer investments. This is impacting Salesforce's stock negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
HubSpot (HUBS) stock is trading lower due to a rise in Treasury yields.
The rise in Treasury yields often leads to a decrease in stock prices as investors move towards safer investments. This is impacting HubSpot's stock negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ServiceNow (NOW) stock is trading lower due to a rise in Treasury yields.
The rise in Treasury yields often leads to a decrease in stock prices as investors move towards safer investments. This is impacting ServiceNow's stock negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Shopify (SHOP) stock is trading lower due to a rise in Treasury yields.
The rise in Treasury yields often leads to a decrease in stock prices as investors move towards safer investments. This is impacting Shopify's stock negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The Trade Desk (TTD) stock is trading lower due to a rise in Treasury yields.
The rise in Treasury yields often leads to a decrease in stock prices as investors move towards safer investments. This is impacting The Trade Desk's stock negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Twilio (TWLO) stock is trading lower due to a rise in Treasury yields.
The rise in Treasury yields often leads to a decrease in stock prices as investors move towards safer investments. This is impacting Twilio's stock negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100