🔴 Telefonaktiebolaget LM Ericsson B is trading 5% down today as rate expectations pressure tech shares

Telefonaktiebolaget LM Ericsson B is trading 5% down at $12.68 as investors sell growth and technology names during a broader market pullback.

• The drop comes alongside steep declines in the S&P 500 and Nasdaq as stronger-for-longer interest rate expectations pressure rate-sensitive technology shares.
• No fresh, company-specific news has emerged for Ericsson during the session, suggesting the move is driven by macroeconomic sentiment.