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Why Shopify, HubSpot, and Asana Stocks Were Higher on Tuesday

·3 min read
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Investor sentiment turned positive Tuesday, helping send a wide range of stocks, including many technology companies, higher. The Federal Reserve took a drastic step in response to those fears, raising the federal funds rate by 75 basis points -- the largest rate hike since 1994 -- in a move designed to cool red-hot inflation.