🔴 Growth ETF (MGK) is trading 2.24% down in pre-market as Brent crude tops $90

MGK is trading at $88.19 in pre-market, down 2.24% from the August 17 close of $90.21, as Middle East tensions push Brent crude above $90 and lift long-term Treasury yields.

• The decline aligns with weaker Nasdaq futures and broad market pressure, weighing on growth-stock valuations.
• Reuters reported NVIDIA’s major Ohio AI data-center investment, but positive sector news is being overwhelmed by macro risk.