🔴 Technology ETF (WGMI) is trading 3% down on October 8, 2026, as higher yields and oil revived inflation fears

WGMI is trading at $41.70, down 2.98%, as higher Treasury yields and an oil spike revived inflation fears, weighing on growth-oriented technology shares.

• Reuters reported Brent jumped 4.8% to above $105 amid Gulf shipping attacks; the 10-year Treasury yield stood at 5.34%.
• Broadcom’s reported $50 billion AI-chip financing plans added concern about technology-sector borrowing and competition for capital.
• TSMC’s record revenue offered a counterpoint, but broader risk aversion appears to dominate WGMI’s early-session move.