Snap, Pinterest, and Yelp Stocks Fall After Fed Signals Rate Cuts May Reverse

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

Shares of Snap, Pinterest, and Yelp declined in afternoon trading after the Federal Reserve held its benchmark rate at 3.5% to 3.75% and raised its median year-end rate estimate from 3.4% to 3.8%, signaling the easing cycle could reverse. The 2-year Treasury yield jumped 11 basis points to 4.161%, raising the discount rate on future cash flows for advertising-dependent platforms. Snap fell 5.6%, Pinterest fell 2.9%, and Yelp fell 4%. Snap's shares are very volatile and have had 27 moves greater than 5% over the last year, and the stock is down 41.5% since the beginning of the year, trading at $4.76 per share.

Impact on stocks 3

Communication Services▼ · 2 stocks
Pinterest Inc
PINS
▼ NegativeMonetaryrelevance

Fed signals rate cuts may reverse, raising discount rates on future cash flows for advertising-dependent platforms.

Yelp Inc
YELP
▼ NegativeMonetaryrelevance

Fed signals rate cuts may reverse, raising discount rates on future cash flows for advertising-dependent platforms.

Spatial Computing / AR/VR▼ · 1 stocks
Snap Inc
SNAP
▼ NegativeMonetaryrelevance

Fed signals rate cuts may reverse, raising discount rates on future cash flows for advertising-dependent platforms.

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