One of the drivers was falling interest rates, but investors also seem to be thinking that the worst of the market's drop is behind us. Shares of Zoom Video Communications (NASDAQ: ZM) jumped as much as 5.2%, while Asana (NYSE: ASAN) was up 13.5% and fuboTV (NYSE: FUBO) popped 16.4%. After climbing for most of the year, interest rates have fallen sharply over the last month.
SAN FRANCISCO, August 01, 2022--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for teams, announced today that it will release financial results for the second quarter of fiscal year 2023 on Wednesday, September 7, after the close of the U.S. markets.
Technology stocks had another rough day on Friday, and the biggest reason appeared to be Snap's (NYSE: SNAP) earnings report. The news of Snap's poor results hit a host of technology companies that could be impacted by similar trends. Asana (NYSE: ASAN) was down by as much as 10.6% during the session, Unity (NYSE: U) dropped by as much as 10.9%, DocuSign (NASDAQ: DOCU) fell 6%, and HubSpot (NYSE: HUBS) dropped 7.6%.