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.
The tech stock fell by as much as 6.4% this morning and was down by 4.6% as of noon EDT.
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.
Source Fool.com