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Next Technology shares are trading lower after the company announced a 100-for-1 reverse stock split.
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Shares of software companies are trading higher amid sympathy with Snowflake after the company reported better-than-expected Q2 financial results, boosting sentiment across the sector. Falling Treasury yields and Fed's Waller's comments that he is inclined to support holding interest rates steady may also be supporting growth stocks by easing concerns about tighter monetary policy and improving risk appetite.
Shares of software companies are trading lower, possibly after Federal Reserve Chairman Kevin Warsh’s comments on inflation raised concerns that interest rates could remain higher for longer. The prospect of higher rates may weigh on growth-oriented stocks.
Next Technology Shares Halted On Circuit Breaker To The Upside, Stock Now Up 67.47%