Opendoor Technologies is trading 4.1% down now at $3.40 as Tuesday’s broader risk-off move pressures rate-sensitive growth and housing-related shares.
- Nasdaq Composite is down 1.22% and S&P 500 down 0.56%; 30-year Treasury yield reached 5.33%, highest since 2007.
- Weak July housing starts raised residential-market concerns; investors continue reassessing the August 13 financing announcement involving $650 million of 0% convertible notes and a 45.3 million-share repurchase.
- No new company-specific announcement was identified for August 18.