WQTM is trading 1.63% down as Treasury yields resume climbing after Wednesday’s temporary relief from expanded bond buybacks.
- Higher long-term yields pressure growth-stock valuations; Middle East tensions lift oil and renew inflation concerns.
- Nasdaq Composite fell 0.80% and S&P 500 fell 0.38%, confirming a broader risk-off session.
- WQTM’s 57.3% technology allocation heightens sensitivity to rates and semiconductor weakness; selling followed the August 18 technology-led retreat, when information technology was the S&P 500’s largest sector drag.