🔴 Growth ETF (QTOP) is trading 2.2% down today as oil rises, Treasury yields hit multi-year peaks

QTOP is trading at $37.14 (-2.20%) as fading U.S.-Iran peace prospects push oil higher and Treasury yields to multi-year peaks, pressuring technology stocks.

• Higher yields reduce the present value of technology companies’ future earnings and raise borrowing costs, pressuring high-valuation growth stocks.
• The broad-based weakness includes a 1.44% decline in the Nasdaq Composite; QTOP’s 66.3% information technology allocation amplifies the sector selloff.
• Inflation and geopolitical risks are reinforcing a broader risk-off move.