Appian, ZoomInfo, and Salesforce shares drop after Fed signals rate cuts may be over

MacroPrice Action Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of Appian, ZoomInfo, and Salesforce fell in afternoon trading after the Federal Reserve held its benchmark rate at 3.5% to 3.75% and released a dot plot that removed expectations for a 2026 rate cut, instead introducing the possibility of a hike. The median year-end rate estimate rose from 3.4% to 3.8%, and the 2-year Treasury yield climbed 11 basis points to 4.161%. Appian dropped 3.6%, ZoomInfo fell 3.6%, and Salesforce declined 3.7%, as higher risk-free rates reduce the present value of software companies' future earnings. Salesforce shares are now trading at $156.27, down 38.4% year-to-date and 42.9% below their 52-week high of $273.65 from July 2025.

Impact on stocks 3

Artificial Intelligence▼ · 2 stocks
Appian Corp
APPN
▼ NegativeMonetaryrelevance

Fed signals end of rate cuts and possible hike, raising risk-free rates and reducing present value of future earnings for software companies.

Salesforce.com Inc
CRM
▼ NegativeMonetaryrelevance

Fed signals end of rate cuts and possible hike, raising risk-free rates and reducing present value of future earnings for software companies.

Cloud & Digital Infrastructure▼ · 1 stocks
ZoomInfo Technologies Inc.
GTM
▼ NegativeMonetaryrelevance

Fed signals end of rate cuts and possible hike, raising risk-free rates and reducing present value of future earnings for software companies.

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