Fastly, Inc. is trading 10.1% down today at $17.90 as stronger-than-expected U.S. jobs data and hawkish interest rate expectations pressure high-growth technology shares.
- The decline follows a period of profit-taking after the stock experienced a sharp multi-day rally through late May and early June.
- Broader market sentiment has shifted to a risk-off stance, specifically impacting the technology sector as investors react to the robust labor market report.