🔴 Tech ETF (EUV) is trading 3.1% down as rising yields pressure growth stocks

EUV is trading at $22.66 (-3.06%) as rising bond yields pressure growth-stock valuations.

• Global bond yields rose, with Japan’s 10-year yield reaching 3%, its highest level since 1996. Oil near $91 per barrel intensified inflation concerns and expectations for tighter monetary policy.
• Technology shares underperformed, with Nasdaq futures down approximately 0.68%–1.06%; upcoming JOLTS and ISM manufacturing data added uncertainty around the Federal Reserve outlook.