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Why Marqeta, DLocal, and StoneCo Took a Header Today

Why Marqeta, DLocal, and StoneCo Took a Header Today

Fast-growing technology stocks were sharply lower today following the release of minutes from the Federal Reserve's last meeting. Indications point to the central bank raising interest rates and trimming its balance sheet to try to fight inflation early this year. As a reminder, higher interest rates lower the value of future cash flows, which in turn lowers the short-term value of a stock.