U.S. Markets open in 9 hrs 15 mins
  • Crude Oil

    70.51
    -0.05 (-0.07%)
     
  • Gold

    1,768.40
    -9.80 (-0.55%)
     
  • Silver

    23.03
    +0.46 (+2.05%)
     
  • EUR/USD

    1.1696
    -0.0034 (-0.2924%)
     
  • 10-Yr Bond

    1.3360
    +0.0120 (+0.91%)
     
  • Vix

    20.87
    -3.49 (-14.33%)
     
  • GBP/USD

    1.3619
    -0.0045 (-0.3282%)
     
  • USD/JPY

    109.7800
    +0.5600 (+0.5127%)
     
  • BTC-USD

    44,159.12
    +25.77 (+0.06%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

Why Appian, Fastly, Fiverr, and LivePerson All Fell This Week

·3 min read
Why Appian, Fastly, Fiverr, and LivePerson All Fell This Week
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Appian (NASDAQ: APPN), Fastly (NYSE: FSLY), Fiverr International (NYSE: FVRR), and LivePerson (NASDAQ: LPSN) were all sliding this week as high-priced growth stocks largely pulled back on inflation concerns. There was no major news out on these stocks, but with June's consumer price index report showing inflation was hotter than expected, fears of tightening monetary policy from the Federal Reserve seemed to have cooled off these pricey stocks. Through Thursday at 1:19 p.m EDT, Appian was down 13.9% for the week, Fastly had lost 12.6%, Fiverr had given up 12.5%, and LivePerson was down 9.9%.