SPTE is trading 1.71% down today as elevated Treasury yields pressure growth-stock valuations.
- Investors are reducing risk ahead of Nvidia’s August 26 earnings report and Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.
- Fresh U.S. sanctions threats against Iran and failed U.S.-Canada trade talks are adding to defensive positioning.
- The Nasdaq Composite is down 0.64%, confirming broader—not isolated—technology weakness.