DoorDash, Inc. Class A Common StockHigher energy costs and corporate caution could soften online discretionary purchases and delivery demand.
Shares of DoorDash, Bumble, and Teladoc fell sharply in afternoon trading after President Trump declared the Iran ceasefire over and vowed further strikes, driving oil prices and bond yields higher in a risk-off rotation. DoorDash dropped 6.2%, Bumble fell 5.4%, and Teladoc declined 4% as rising yields pressured long-duration growth stocks whose valuations depend heavily on future cash flows. The spike in crude and inflation fears pushed government bond yields up, increasing the discount rate applied to distant earnings and repricing high-multiple shares lower. Consumer internet companies are also cyclically exposed, with advertising budgets and online discretionary purchases softening when consumers face higher energy costs and corporate caution rises. DoorDash shares are now down 15.9% year-to-date, trading at $184.89, which is 34.4% below its 52-week high of $281.74 from October 2025.
DoorDash, Inc. Class A Common StockHigher energy costs and corporate caution could soften online discretionary purchases and delivery demand.
Bumble IncRising oil prices and inflation fears may reduce consumer spending on online dating services.
Teladoc IncRising bond yields increase discount rates, repricing high-multiple growth stocks like Teladoc lower.