TECL is trading at $193.64, down -4.81%, as a global bond selloff pushes yields higher and pressures high-valuation technology and growth stocks.
- Japan’s 10-year yield reached 3%, while U.S. Treasury yields and oil prices remain elevated.
- The moves reinforce inflation and Federal Reserve rate-hike concerns.
- Nasdaq futures underperformed broader markets, confirming technology is leading the risk-off move.