HERO is trading at $26.40 (-3.15%) after Kevin Warsh’s hawkish Jackson Hole message increased expectations for a September rate hike, pressuring growth-oriented communications and technology stocks.
- Renewed U.S.-Iran fighting pushed oil prices higher and weakened overnight risk sentiment across Asia, Europe, and U.S. futures.
- Broader indexes are only modestly lower, suggesting HERO’s decline reflects amplified sensitivity to rates and risk appetite.