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.
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Source Fool.com