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With Higher Rates on the Horizon, Some Pandemic-Favorite Stocks Are Suffering

The prospect of higher interest rates is diminishing investors’ appetite for riskier corners of the stock market.

Many stocks suffering lately are businesses tied to technology and innovation, some of which don’t regularly turn a profit. The group includes shares that soared last year as the pandemic reshaped economic activity, and which may have looked too expensive as the U.S. economy increasingly reopened.

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