🔴 Trading--Leveraged Equity ETF (TECL) is trading 4.51% down today after hawkish Fed messaging raised rate-hike concerns

TECL is trading at $201.16 (-4.51%) after hawkish Federal Reserve messaging from Kevin Warsh increased rate-hike concerns and pressured growth-stock valuations.

• Treasury yields rose afterward.
• The decline reverses NVIDIA’s AI-driven 8.7% surge and Thursday’s technology rally as investors take profits.
• Marvell Technology’s 7%-10.2% decline added semiconductor-sector pressure despite its earnings beat, offsetting NVIDIA optimism.