Shares of HubSpot (NYSE: HUBS) were falling today as the 10-year Treasury yield increased to 1.5%, the highest it's been since June. Rising Treasury yields are often viewed as a negative thing for fast-growing technology stocks because they mean that debt spending will cost more for companies, eating into their long-term growth potential. The Nasdaq Composite, which is largely composed of tech stocks, fell by more than 1% this morning, though it had regained some of its losses by midafternoon.
HubSpot, the customer relationship management (CRM) platform for scaling companies, today announced the release of our 2021 Sustainability Report, highlighting our efforts, milestones, and aspirations within the pillars of Environmental, Social, and Governance (ESG).
Is it time to sell ARKK and pour it into Goldman's competing tech ETF?