🔴 Tech ETF (WGMI) is trading 1.62% down today as rising Treasury yields pressure growth stocks

WGMI is trading at $44.20, with a -1.62% change, as rising long-term yields remain a headwind for growth stocks.

• Micron’s AI-memory demand signal lifted tech sentiment.
• The 10-year Treasury yield reached 5.306%, its highest level since mid-June 2007, as investors weighed persistent inflation risks and higher-for-longer rates.
• WGMI’s drop runs counter to reported premarket tech optimism; available evidence points to rate pressure, not a clearly identified negative semiconductor catalyst.