MercadoLibre (NASDAQ:MELI) and Okta (NASDAQ:OKTA) saw a dip in their stock prices on Monday, which could provide investors the opportunity to buy in at a lower price. During its most recent earnings report, for its second quarter of 2021, MercadoLibre showed strong year-over-year growth. For Okta's second-quarter 2021 earnings, the company reported 57% YOY revenue growth and 58% YOY subscription revenue growth.
We present some of the biggest Wall Street stories of the first nine months that have influenced stocks like First American Financial (FAF), MercadoLibre Inc. (MELI), BuildABear (BBW), Boyd Gaming (BYD) and Goodrich Petroleum (GDP).
Shares of MercadoLibre (NASDAQ: MELI) fell today even though there was no news out on the Latin American e-commerce company. Instead, it was one of a number of high-growth stocks that pulled back sharply today as investors were spooked by fears of rising Treasury yields, which entice investors away from growth stocks and into other options like bonds. MercadoLibre stock finished the day down 5.4% while the 10-year Treasury yield rose 1.6% to 1.48%.