Autodesk shares are trading lower amid weakness in software stocks as Treasury yields rise.
Portfolio Pulse from Benzinga Newsdesk
Autodesk shares are trading lower due to a general weakness in software stocks, which is attributed to rising Treasury yields.

April 02, 2024 | 4:10 pm
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Autodesk shares are experiencing a downturn as a result of the broader software sector's weakness, influenced by increasing Treasury yields.
The direct mention of Autodesk's shares trading lower due to the broader market trend of software stocks suffering from rising Treasury yields indicates a negative short-term impact. This is because higher yields can lead to higher borrowing costs and can dampen investor enthusiasm for growth stocks, like those in the software sector.
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