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Shares of Several Software Companies Are Trading Lower Amid a Rise in Treasury Yields and Expectations of Fed Rate Hikes, Which Would Impact Growth Stock Valuations. Weakness in MongoDB and Okta Following Quarterly Earnings Has Also Weighed on Some Compan

Benzinga ·  Sep 2, 2022 00:12
Shares of several software companies are trading lower amid a rise in treasury yields and expectations of Fed rate hikes, which would impact growth stock valuations. Weakness in MongoDB and Okta following quarterly earnings has also weighed on some companies in the sector.
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