🔴 Cloudflare is trading 4.06% down today as rising Treasury yields pressure growth stocks

Cloudflare is trading at $280.03 (-4.06%) as rising Treasury yields pressure richly valued growth stocks.

• The S&P 500, NASDAQ Composite, and Dow Jones are declining.
• Reuters reported that higher borrowing costs and Middle East uncertainty have pressured technology shares.
• Cloudflare has no clearly reported August 20 company-specific negative catalyst.