Tetra Tech Shares Flat, Traders Eye Backlog Number
Tetra Tech Inc. slipped in Friday’s New York morning action. The Nasdaq-listed engineering consultant traded near flat, down 0.14% to $27.93 at 9:53 a.m. EDT, after opening at $28.37 and hitting $28.63. Shares pulled back from early gains as the stock held a tight range. Investors remained focused on its higher 2026 outlook. The stock is trading between pressure from a weak tape and its own story in water, environmental and infrastructure. The S&P 500 and Nasdaq Composite slipped early as jobs data raised worries the Fed might keep rates up for longer.