XOVR is trading at $20.20 (-2.43%) in after-hours trading after renewed U.S.-Iran military tensions pushed Brent crude above $90 and raised inflation concerns.
- Higher oil prices and Treasury yields increase expectations that the Federal Reserve could maintain or extend rate hikes, pressuring richly valued growth sectors.
- The broader market weakened, with the S&P 500 down 0.27% and Nasdaq down 0.48%.