GARY is trading at $26.64, down 1.63%, as broad risk-off trading pressures growth-oriented technology stocks amid rising oil prices and higher Treasury yields, increasing inflation and interest-rate concerns.
- Nasdaq is down 0.65%, while technology stocks are especially sensitive to elevated long-term borrowing costs.
- Information technology is the primary drag, with weakness in major semiconductor and technology names including Nvidia, AMD, and Micron.
- Softer-than-expected July job openings and today’s manufacturing data add uncertainty, while geopolitical risk remains the dominant catalyst.