#DollarHits3MonthLow
The rapid rise of long-end Treasury yields to multi-year highs increased valuation pressure on growth stocks.
Although $MSFTon benefits from cloud business delivery, high-valuation names broadly faced pressure in a long-end sell-off driven market.
$METAon , as a high-valuation software stock reliant on future cash flows, was more clearly impacted.
$RED
The rapid rise of long-end Treasury yields to multi-year highs increased valuation pressure on growth stocks.
Although $MSFTon benefits from cloud business delivery, high-valuation names broadly faced pressure in a long-end sell-off driven market.
$METAon , as a high-valuation software stock reliant on future cash flows, was more clearly impacted.
$RED