Freshworks, AppLovin, and Veeva Systems shares fall after Fed signals rate cuts may be over

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

Shares of Freshworks, AppLovin, and Veeva Systems fell in the afternoon session 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 moved from 3.4% to 3.8%, and the 2-year Treasury yield rose 11 basis points to 4.161%. Software companies are priced on earnings five to ten years into the future, and every basis point increase in the risk-free rate reduces the present value of those cash flows. Freshworks fell 5%, AppLovin fell 5%, and Veeva Systems fell 4.7%.

Impact on stocks 3

Cloud & Digital Infrastructure▼ · 2 stocks
Freshworks Inc
FRSH
▼ NegativeMonetaryrelevance

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

Veeva Systems Inc Class A
VEEV
▼ NegativeMonetaryrelevance

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

Artificial Intelligence▼ · 1 stocks
Applovin Corp
APP
▼ NegativeMonetaryrelevance

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

Theme Impact 1

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