🔴 Large Growth ETF (MGK) is trading 1.5% down as oil’s surge revives inflation concerns

MGK is trading at $93.47 (-1.52%) as oil’s sharp rise amid Middle East tensions revived inflation concerns.

• The 10-year Treasury yield hovered near multi-decade highs, weighing on growth stocks.
• Technology and semiconductor shares weakened, pressuring MGK’s large technology allocation; rising borrowing costs also dampened appetite for high-valuation growth stocks.
• The broader market was lower, with the Nasdaq down 1.43%.