Reddit, Inc. is trading 4.15% down at $176.27 amid a broader market sell-off and reduced expectations for near-term interest rate cuts.
- The decline follows a significant +8.51% move on June 4, with the stock now retreating during a broader risk-off session.
- Growth stocks are under pressure as the Nasdaq drops 1.85% following a stronger-than-expected May jobs report that has shifted market sentiment.