🔴 Tech ETF (EUV) is trading 4.64% down today as crude oil tops $90

EUV is trading 4.64% down as renewed U.S.-Iran tensions push crude oil above $90, reviving inflation concerns.

• Long-term Treasury yields have climbed to multi-year highs, increasing discount-rate pressure on technology valuations.
• The Nasdaq is down 1.19%, confirming a broad risk-off move rather than an EUV-specific catalyst.
• Profit-taking after EUV’s 3.54% gain on August 17 is likely amplifying the decline.