Roblox corp stock9/20/2023 Roblox operates an online platform to create, publish, and manage three-dimensional (3D) virtual experiences such as video games and other virtual worlds. ![]() The US Bureau of Economic Analysis reported that real personal disposable income fell 0.1% in May, real personal consumption expenditure fell 0.4, while spending on goods fell 1.6%. Shares of Roblox Corp were trading lower last week after data showed a slowdown in consumer spending in the United States in May. Falling yields increase the present value of future cash flows, increasing growth stock valuations. Growth companies as a whole were also trading higher amid falling yields. Shares of many technology and software companies were trading higher on Tuesday amid stock volatility as traders assessed the possibility of a recession. Meanwhile, the S&P 500 finished the day up 2%. No new corporate announcement can take credit for the renewed interest in the stock. Roblox Corporation (NYSE:RBLX) shares surged 14% on Tuesday.
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