🔴 Growth ETF (GARY) is trading 2.15% down today as Treasury yields pressure tech stocks

GARY is trading 2.15% down today as surging Treasury yields pressure technology-led growth valuations.

• The Nasdaq Composite is down 1.39%; the 30-year Treasury yield reached approximately 5.32%, and the 10-year yield reached 4.73%.
• Fading U.S.-Iran diplomatic prospects lifted oil and inflation concerns, while semiconductor and AI-linked shares, including NVIDIA, weakened.
• Housing starts fell to 1.239 million in July, although permits improved, adding cautious growth sentiment.