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Why Fastly Stock Is Up Today

TheMotleyFool

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Shares of Fastly (NYSE: FSLY) were climbing this morning as the technology sector rebounded from its losses yesterday. The tech stock was up by 3.5% as of 11:31 a.m. EDT.

The broader tech sector took it on the chin yesterday as some investors grew worried about rising 10-year Treasury yields. Investors dumped some of their tech stocks as a result, as higher yields make fast-growing companies' future earnings look less appealing.

Image source: Getty Images.

Source Fool.com

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