VUG is trading 1.75% down today as escalating Middle East tensions and rising oil prices trigger a broader market selloff.
- President Trump's 8:00 p.m. ET deadline for Iran to reopen the Strait of Hormuz has pushed oil prices above $113/barrel, fueling inflation fears that may delay Federal Reserve rate cuts.
- Growth-oriented stocks are underperforming the broader market, with the tech-heavy NASDAQ falling 1.64% and weighing on the ETF's IT-heavy portfolio.