Reddit Shares Fall 3.6% as Treasury Yields Rise Ahead of Inflation Data
Reddit shares fell 3.6% in the afternoon session as rising benchmark Treasury yields and profit-taking across communication services pressured high-valuation growth equities ahead of key inflation data.
6% in afternoon trading. Rising benchmark Treasury yields and profit-taking in communication services weighed on high-valuation growth stocks ahead of key inflation data. S. 10-year Treasury…