VGT is trading at $118.68 (-1.50%) as a global bond selloff lifted yields, reducing demand for rate-sensitive technology stocks.
- Japan’s 10-year yield reached 3%, intensifying worldwide fiscal and interest-rate concerns.
- Renewed U.S.-Iran tensions pushed Brent crude toward $91, worsening inflation fears.
- Major U.S. indexes are also lower; technology’s heavy growth-stock exposure amplifies higher borrowing costs, with no stronger company-specific catalyst apparent.