AppLovin (NASDAQ: APP) stock dips today as year-end tech pullback pressures growth names
AppLovin shares fell 1.3% to $685 in thin year-end trading Wednesday, underperforming major indexes as investors rotated out of high-growth tech stocks. Treasury yields rose after jobless claims dropped to 199,000, pressuring growth shares further. The Invesco QQQ Trust and S&P 500-tracking SPDR fund each slipped about 0.2% in afternoon trading.