🔴 Tech ETF (QTUM) is trading 1.7% down today as elevated Treasury yields pressure growth stocks

QTUM is trading 1.7% down as elevated Treasury yields pressure long-duration growth stocks.

• The 30-year Treasury yield recently reached about 5.323%, its highest level since 2007, intensifying rotation away from growth stocks amid expensive AI-chip valuation concerns.
• Investors await Federal Reserve minutes on August 19, 2026; Middle East tensions and higher oil prices sustain inflation and rate concerns.
• Nasdaq is down 0.20%, while Dow and S&P 500 are higher, confirming technology is specifically lagging.