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Why Fastly Stock Rallied Today

TheMotleyFool

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Shares of Fastly (NYSE: FSLY) popped today, likely as a result of falling bond yields. The broader tech sector has made significant moves based on bond yield prices lately.

The tech stock was up by 10.9% at 11:35 a.m. EST.

Tech stocks have taken a hit recently as bond yields have risen. For example, Fastly's stock is still down about 12% so far this month, even with today's share price pop.

Source Fool.com

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