🔴 Gogo is trading 5% down today as rising Treasury yields pressure equity valuations

Gogo is trading 5.26% down now at $2.34 amid broad risk-off trading.

• The S&P 500 is down 0.85%, and the Nasdaq Composite is down 1.32%.
• Rising oil prices and Treasury yields are pressuring equity valuations; market coverage said the 10-year yield reached levels near 5%.
• Gogo’s September 22 Boeing-Insitu drone-connectivity announcement was positive but does not explain the September 23 decline.