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Why Roku Stock Is Falling Hard Today

TheMotleyFool

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Why Roku Stock Is Falling Hard Today: https://g.foolcdn.com/editorial/images/703709/gettyimages-174499271.jpg

Shares of the video streaming platform company Roku (NASDAQ: ROKU) were sliding today, reversing their gains from yesterday.

Investors appear to be reacting to some jobs data that indicated that the labor market is still resilient. A strong labor market could encourage the Federal Reserve to keep raising interest rates. As a result, Roku's shares were down by 6.8% as of 11:30 a.m. ET.

Yesterday, the broader market jumped as investors hoped that stocks had reached their bottom after the S&P 500 fell more than 9% in September. That helped boost Roku's share price as well, which gained 4.4% yesterday.

Source Fool.com

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