Shares of Opendoor Technologies (NASDAQ: OPEN) were falling today after strong economic data tamped down expectations that the Federal Reserve would cut interest rates soon.

Opendoor's decline today was in line with rising Treasury yields and mortgage rates, following the Fed's rate decision and commentary last week, and a strong employment report on Friday.

As of 3:04 p.m. ET, the stock was down 8.5%.

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Source Fool.com