🔴 Tech ETF (SPRX) is trading 1.68% down today as higher Treasury yields pressure growth stocks

SPRX is trading at $45.01, down -1.68%, as higher Treasury yields pressure technology and long-duration growth stocks.

• The 30-year yield recently reached its highest level since 2007; investors are reducing exposure ahead of NVIDIA earnings and the Federal Reserve’s Jackson Hole symposium, which could reset AI-demand and interest-rate expectations.
• Alibaba’s 75% profit decline despite 45% cloud growth adds caution about near-term returns from aggressive AI infrastructure spending.
• The decline appears sector-specific: S&P 500 up 0.32%; NASDAQ Composite down 0.01%.