Software Stocks Fall After Fed Holds Rates and Signals No 2026 Cuts

Macro
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of Asana, Paylocity, and Zeta Global 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. The median year-end rate estimate rose to 3.8%, introducing the possibility of a hike, while the 2-year Treasury yield climbed 11 basis points to 4.161%. Asana dropped 3.8%, Paylocity fell 3.8%, and Zeta Global declined 3.7%, as higher risk-free rates reduce the present value of future cash flows for software companies priced on earnings five to ten years out. Paylocity shares are now down 31.1% year-to-date at $100.43, trading 47.2% below their 52-week high of $190.36 from July 2025.

Impact on stocks 3

Artificial Intelligence▼ · 2 stocks
Asana Inc
ASAN
▼ NegativeMonetaryrelevance

Fed holds rates and signals no 2026 cuts, raising risk-free rates and reducing present value of future cash flows for software companies.

Zeta Global Holdings Corp
ZETA
▼ NegativeMonetaryrelevance

Fed holds rates and signals no 2026 cuts, raising risk-free rates and reducing present value of future cash flows for software companies.

Information Technology▼ · 1 stocks
Paylocity Holding Corporation
PCTY
▼ NegativeMonetaryrelevance

Fed holds rates and signals no 2026 cuts, raising risk-free rates and reducing present value of future cash flows for software companies.

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