Software shares rise as treasury yields pull back
Dropbox and Teradata shares traded higher after software equities gained momentum following a pullback in treasury yields and Snowflake’s second-quarter results.
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What Happened? A number of stocks jumped in the afternoon session after software equities broadly gained momentum following a pullback in treasury yields and second-quarter financial results from Snowflake.Lower Treasury yields supported the move after Fed Governor Christopher Waller signaled suppo…