SPRX is trading at $43.61, down -2.19%, as a global bond selloff intensified after Japan’s 10-year yield reached 3%, pressuring growth-stock valuations.
- Rising Treasury yields and persistent inflation concerns are weighing particularly heavily on technology and AI investments.
- U.S.-Iran tensions lifted Brent crude toward $91, reinforcing fears of higher inflation and additional Federal Reserve tightening.
- The Nasdaq Composite fell 1.20%, confirming a broader, primarily global macro-driven risk-off move.