THNQ is trading 2.6% down at $88.68 as investors sell growth-oriented technology assets during a broader risk-off session.

  • The Nasdaq Composite is down 0.83%.
  • Rising oil prices, renewed Middle East tensions, and higher bond yields are pressuring technology valuations; Japan’s 10-year yield reached 3%, while the U.S. 10-year Treasury yield rose to 4.8%, intensifying macroeconomic pressure on AI-focused ETFs.