🔴 Global X NASDAQ 100 Covered Call ETF is trading 1.5% down today as tech sells off following strong jobs data

Global X NASDAQ 100 Covered Call ETF is trading 1.5% down today as its Nasdaq-100 covered call portfolio is hit by a broad technology and growth-stock selloff following a much-stronger-than-expected U.S. jobs report.

• The upside surprise in May payrolls pushed Treasury yields higher and led investors to price in a longer period of restrictive Fed policy.
• Higher yields are pressuring rate-sensitive tech and communication services names that dominate the fund's index exposure.
• The hawkish repricing of Fed expectations has triggered a broad retreat across growth-oriented assets.