🔴 U is trading 4.2% down today as higher yields pressure high-growth tech names

U is trading 4.2% down at $25.67 as investors rotate away from higher-risk growth names amid a broader tech selloff.

• The decline aligns with a softer market backdrop, with the Nasdaq trading lower as higher yields weigh on AI and software sentiment.
• There is no company-specific news driving the move, suggesting the price action is tied to cautious risk appetite across the sector.