🔴 Zscaler is trading 4.1% down today as rising yields pressure tech stocks

Zscaler is trading 4.1% down at $180.68 as broader risk-off sentiment pressures technology stocks.

• The S&P 500 is down 0.67% and the Nasdaq Composite is down 1.06%, amid rising yields, inflation concerns, and Japan’s 10-year government yield reaching 3%.
• Investors are positioning cautiously ahead of Zscaler’s fiscal fourth-quarter earnings release scheduled for September 3.
• Evercore’s recent Tactical Underperform stance adds pre-earnings pressure.