🔴 Autonomous Technology ETF (ARKQ) is trading 3.1% down in pre-market as Treasury yields rise

ARKQ is trading at $123.88, down -3.14% in pre-market as rising rates pressure its growth-oriented technology and industrial holdings.

• Oil surged roughly 5% as doubts grew over reopening the Strait of Hormuz, while the 10-year Treasury yield moved toward 4.7%, reviving inflation and valuation concerns.
• Investors await Wednesday’s CPI report, while major AI-related holdings report earnings after the August 11 close.