WQTM is trading at $33.65 (-4.68%), with the primarily macro-driven decline reflecting renewed U.S.-Iran tensions, inflation concerns, and rising yields.
- Nasdaq futures are down 1.17%, indicating broad technology-sector weakness and reduced risk appetite; Brent crude is above $91.
- The 30-year Treasury yield reached 5.3146%, its highest level in more than two decades, pressuring growth-stock valuations.
- July housing starts and building permits are due at 8:30 a.m. EST, adding rate-sensitive uncertainty.