IQQ is trading at $25.22 (-1.68%) as higher oil prices and Treasury yields revived inflation concerns, pressuring growth-sensitive technology shares.

  • Technology was among the weakest S&P 500 sectors.
  • Chip-related stocks declined after Samsung’s results failed to meet lofty expectations; Marvell and Intel fell about 3%, while AMD declined 2%.
  • Escalating Middle East tensions helped push oil higher, compounding risk aversion across the market.