Kyndryl Holdings is trading 4.15% down now at $12.69 as broad risk-off pressure intensified after the Federal Reserve raised rates 25 basis points to 3.75%-4.00% and signaled another possible hike in December.
- Stronger-than-expected August retail sales and elevated Treasury yields further pressured rate-sensitive technology stocks.
- Kyndryl announced a 10-year government cloud contract and released its fiscal 2026 citizenship report on September 16; no company-specific negative catalyst was identified.