Why HubSpot Stock Is Falling Today
Shares of HubSpot (NYSE: HUBS) were falling today as the 10-year Treasury yield increased to 1.5%, the highest it's been since June. Rising Treasury yields are often viewed as a negative thing for fast-growing technology stocks because they mean that debt spending will cost more for companies, eating into their long-term growth potential. The Nasdaq Composite, which is largely composed of tech stocks, fell by more than 1% this morning, though it had regained some of its losses by midafternoon.
