🔴 FANG & Innovation ETF (BULZ) is trading 6.76% down as higher Treasury yields pressure growth stocks

BULZ is trading 6.76% down as elevated long-term Treasury yields continue to pressure rate-sensitive growth stocks.

• Nasdaq-100 futures were down approximately 0.60% early August 24; the technology sector had declined more than 3% the prior week.
• Investors are weighing threatened U.S. sanctions on Iran, failed U.S.-Canada trade talks, and tariff risks.
• Uncertainty remains ahead of Nvidia’s August 26 earnings report and the Federal Reserve’s Jackson Hole symposium.