Roblox Corp (NYSE:RBLX) shares fell by 4.01% to $34.49 during Tuesday's trading session. Shares of streaming and tech companies at large were trading lower as stocks pulled back following last week's rebound. Growth stocks have experienced weakness this year amid Fed policy tightening measures.
Shares of growth stocks have been volatile in the month of June amid an overall market selloff partially generated by worse-than-expected U.S. May inflation data. The all items index CPI datapoint increased 8.6 percent for the 12 months ending May, the largest 12-month increase since the period ending December 1981.
