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Shares of Several Companies in the Broader Tech Sector Are Trading Lower Amid a Rise in Treasury Yields as Traders Continue to Assess Wednesday's Fed Commentary and 75 Bps Rate Hike. Rising Rates Decrease the Present Value of Future Cash Flows, Which Nega

Benzinga ·  Sep 23, 2022 11:51
Shares of several companies in the broader tech sector are trading lower amid a rise in treasury yields as traders continue to assess Wednesday's Fed commentary and 75 bps rate hike. Rising rates decrease the present value of future cash flows, which negatively impacts growth stock valuations.
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