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Shares of Several Companies in the Broader Tech Sector Are Trading Lower Amid a Rise in Treasury Yields, Which Has Caused a Selloff in Growth Stocks. Stocks Are Also Pulling Back Following Strength Earlier in the Week.

Benzinga · Aug 19, 2022 12:04

QIWI +0.00% WIX -0.30% KLAC -2.49% QCOM -2.36% ADSK +2.79%

Shares of several companies in the broader tech sector are trading lower amid a rise in treasury yields, which has caused a selloff in growth stocks. Stocks are also pulling back following strength earlier in the week.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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