ARKK is trading 3.2% down today as renewed U.S.-Iran hostilities around the Strait of Hormuz lifted oil prices and revived inflation concerns.
- Higher Treasury yields weighed on long-duration, innovation-focused companies, while technology stocks broadly declined as the Nasdaq fell and major semiconductor shares weakened.
- Weaker July JOLTS and softer manufacturing data offered rate relief, but geopolitical risk, global bond-market selling, and valuation pressure on growth equities outweighed it.