Shares of companies in the technology sector are trading lower after August CPI data showed greater-than-expected US inflation. This has driven yields up and raised expectations of aggressive Fed rate hike policy. A rise in rates could drive a slowdown in the economy while also decreasing the present value of future cash flows, which weighs on growth stock valuations.
$ADP
$AMKR
$APP
$CDAY
EDP Services
Technology
Semiconductors
Technology
Shares of companies in the technology sector are trading lower after August CPI data showed greater-than-expected US inflation. This has driven yields up and raised expectations of aggressive Fed rate hike policy. A rise in rates could drive a slowdown in the economy while also decreasing the present value of future cash flows, which weighs on growth stock valuations.
