🔴 Nasdaq-100 ETF (QQQ) is trading 1.69% down on September 1, 2026 amid oil-driven inflation fears

QQQ is trading 1.69% down as renewed U.S.-Iran hostilities around the Strait of Hormuz lift oil prices and revive inflation concerns.

• The resulting global bond selloff pushed Treasury yields higher, while Japan’s 10-year yield reached 3%.
• The Nasdaq Composite also declined, confirming a broad technology and risk-asset retreat rather than an isolated QQQ-specific catalyst.