🔴 Large Growth ETF (QQQM) is trading 1.78% down today as Treasury yields pressure tech stocks

QQQM is trading 1.78% down today as rising Treasury yields and fading U.S.-Iran peace prospects pressure technology stocks.

• The S&P 500 Information Technology sector fell 1.5%; Nvidia dropped 2% and Meta Platforms lost 3%.
• Oil topped $90, while the 30-year Treasury yield reached 5.32%, its highest level since 2007.
• QQQM’s technology-heavy composition amplified the broader Nasdaq decline amid a broad technology-led selloff rather than a QQQM-specific issue.