Axon shares slide nearly 8% as Treasury yields pressure growth stocks
AI Summary- Axon Enterprise shares dropped nearly 8% Tuesday as investors reduced exposure to high-valuation growth stocks.
- 10-year Treasury yields reached 4.8%, while 30-year yields climbed to 5.25%.
- Axon reported $904.3 million in second-quarter revenue and raised full-year growth guidance to 32%–34%.