Quantinuum is trading 9.32% down at $59.99 as investors sell technology and growth stocks amid renewed U.S.-Iran tensions, rising oil prices and sharply higher Treasury yields.
- Reuters reported the 30-year Treasury yield reached its highest level since 2007.
- Higher yields reduce the present value of future profits and raise borrowing costs.
- The Nasdaq is down 1.44%, reinforcing a global risk-off move.