🔴 WQTM is trading 1.75% down today as elevated Treasury yields pressure long-duration tech stocks

WQTM is trading at $33.10, down 1.75%, as elevated Treasury yields pressure long-duration technology and AI stocks.

• The 30-year yield remains near its highest level since 2007.
• Investors are rotating away from growth stocks while awaiting Federal Reserve minutes; the Nasdaq Composite is down 0.17%, while the Dow is outperforming.
• Semiconductor weakness and lingering Middle East tensions are extending the August 18 technology selloff.