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Benzinga
Benzinga
Business
Henry Khederian

Why Snap, Palantir Technologies, Meta Platforms And Uber Shares Are Falling Today

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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