🔴 HACK is trading 4.08% down in pre-market after cybersecurity shares sell off amid higher Treasury yields

HACK is trading 4.08% down at $107.29 after cybersecurity shares weakened during the September 1 session.

• CrowdStrike fell 7% and Palo Alto Networks dropped 6% amid a broader high-multiple software selloff as Treasury yields approached 4.8%.
• Palo Alto’s September 1 earnings beat expectations and included upbeat guidance, but investors focused on margin pressure and elevated costs.
• Geopolitical tensions and higher rates are adding pressure to growth-oriented technology stocks.