Palo Alto Stock Drops as Inflation Fears Boost Bond Yields
Palo Alto Networks is dipping Tuesday as software stocks retreat on rising yields and oil prices, with Q4 results due after the close.
Palo Alto Networks' stock price went down today because people are worried about rising interest rates (the cost to borrow money), which makes them less excited about software companies right now. When you see a tech stock drop like this, it might just be about bigger market worries, not necessarily a problem with the company itself—so watch what happens when they report their earnings later today.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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