Shares of companies in the broader technology sector are trading lower amid a rise in treasury yields and expectations of further Fed rate hikes, which could 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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Shares of companies in the broader technology sector are trading lower amid a rise in treasury yields and expectations of further Fed rate hikes, which could impact growth stock valuations. Weakness in MongoDB and Okta following quarterly earnings has also weighed on some companies in the sector.