Why Silicon Labs Stock Fell This Week
Shares of Silicon Laboratories (NASDAQ: SLAB) were tumbling this week on no company-specific news. Instead, investors might have been reacting to rising Treasury yields that have caused a sell-off of some tech stocks.
As of Friday morning, Silicon Labs was down 11.6% over the past week, according to data from S&P Global Market Intelligence.
Earlier this week, the two-year Treasury yield topped 1% for the first time in about two years and the 10-year note hit 1.86% on Tuesday, the highest it's been since January 2020.
Source Fool.com