Here's Why Affirm, Enphase Energy And Zoom Shares Are Falling

Shares of several companies in the broader technology sector, Affirm Holdings Inc AFRM, Enphase Energy Inc ENPH and Zoom Video Communications Inc ZM, are trading lower amid a rise in US Treasury yields.

When interest rates rise, the value of future cash flows is reduced for growth stocks, which in turn lower the value of the stock. The 10-year US Treasury yield is hovering around a two-year high at 2.500% Friday morning, which has pressured valuations.

See Also: Why Clever Leaves Stock Is Trading Higher And What Investors Need To Know

• Affirm is trading lower by 9.0% at $40.78. Affirm has a 52-week high of $176.65 and a 52-week low of $26.02
• Enphase Energy is trading lower by 4.8% at $188.44. Enphase Energy has a 52-week high of $282.46 and a 52-week low of $108.88
• Zoom is trading lower by 4.4% at $112.58. Zoom has a 52-week high of $406.48 and a 52-week low of $94.51