IGV is trading at $103.67, down 2.21%, as renewed U.S.–Iran tensions pushed oil higher and revived inflation concerns.
- Iran’s proposal was rejected, and the resulting rise in oil weighed on growth stocks.
- Treasury yields rose, with the 10-year near 5.20%.
- The move appeared part of a broader risk-off session, not a software-specific catalyst: U.S. stock futures fell alongside bonds as investors reassessed inflation and interest-rate risks.