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Why Veeva Systems Stock Slid Today

TheMotleyFool

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Why Veeva Systems Stock Slid Today: https://g.foolcdn.com/editorial/images/701771/cloud-computing-microchip-technology.jpg

Shares of Veeva Systems (NYSE: VEEV) were falling today as the health tech company got swept up in the broader market sell-off.

Though there was no company-specific news out on Veeva, rising treasury yields today and the specter of the Fed's interest rate increase tomorrow were enough to push the stock lower.

Shares closed the day down 2.6%, while the S&P 500 lost 1.1%.

Source Fool.com

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