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Benzinga

Business

Henry Khederian

REVEALED: Why snap palantir technologies meta platforms and uber shares are falling today - The Real Truth

SNAP NYSE Meta Palantir Technologies Inc PLTR Snap Inc

Shares of companies in the broader tech and software sector, including Snap Inc (NYSE:SNAP), Palantir Technologies Inc (NYSE:PLTR), Meta Platforms Inc (NASDAQ:FB) and Uber Technologies Inc (NYSE:UBER) are all trading lower after the 10-year US Treasury yield reached a two-year high, which has pressured valuations.

Worse-than-expected earnings from Goldman Sachs is also weighing on stocks Tuesday.

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