MTUM is trading at $317.32 (-1.58%) as higher oil prices and rising Treasury yields revived inflation concerns and pressured technology stocks.
- Reuters reported technology was among the weakest S&P 500 sectors.
- Samsung’s strong profit outlook did not lift chip shares, as investors questioned the sustainability of the AI boom; megacap growth stocks, including Nvidia, fell.
- Escalating Middle East tensions are a key catalyst behind the oil surge and broader risk-off move.