Zscaler Inc is trading 4.1% down at $129.73 as investors dump growth and technology stocks following stronger-than-expected U.S. jobs data that is pushing rate-hike expectations higher.
- The Nasdaq Composite has dropped approximately 3–4% amid elevated Treasury yields, signaling a broad risk-off move across the tech sector.
- The decline appears to be driven by macroeconomic sentiment rather than any new, company-specific news or guidance changes.