Sprout Social, Intuit, and PagerDuty Shares Jump as 10-Year Yield Drops Below 4.5%

Macro

โดย Yahoo Finance·Read original

Summary · why it matters

Shares of Sprout Social, Intuit, and PagerDuty rose sharply in afternoon trading after the 10-year Treasury yield fell below 4.5%, providing valuation relief for high-growth software stocks. Sprout Social gained 3.3%, Intuit added 3.3%, and PagerDuty climbed 3.7% as falling yields reduced the discount rate on their future cash flows. The broader tech sector faced pressure, with Micron down 2% and Cerebras down 10%, but software names found support from the yield decline. PagerDuty remains down 28.8% year-to-date and trades 48.6% below its 52-week high of $17.17.