CCC Intelligent Solutions Holdings Inc. is trading 5.1% down at $4.74 as a stronger-than-expected May U.S. jobs report drives investors out of growth and technology names.
- The stock is giving back part of its early-June rally as the Nasdaq falls sharply and markets price in fewer near-term Fed rate cuts.
- Shifting interest rate expectations are broadly pressuring high-valuation tech and software names following the robust labor market data.