ARKQ is trading at $126.31 (-3.19%) as escalating U.S.-Iran tensions drive oil toward $90 and a global bond selloff.
- U.S. 30-year Treasury yield reached roughly 5.32%, pressuring long-duration growth and technology valuations; Nasdaq weakness pressured the sector.
- Tesla, ARKQ’s largest holding (~9.45%), was among growth stocks affected by rising yields.
- July housing starts missed expectations, but stronger permits partly offset weakness; housing data was secondary. Global risk aversion, higher inflation concerns and rate-sensitive growth-stock selling dominated.