🔴 Growth ETF (PWB) is trading 1.97% down as rising yields pressure technology stocks

PWB is trading at $162.91 after a -1.97% move as rising Treasury yields pressure technology stocks.

• Escalating Middle East tensions pushed Brent above $104, renewing inflation concerns and lifting yields; the 10-year yield reached above 5.35%, pressuring growth-sensitive stocks.
• Nvidia fell 1.3% and was the S&P 500’s heaviest single weight; broader Nasdaq weakness points to a market-wide risk-off move. Information technology makes up 49.0% of PWB, making sector and macro pressures the clearest explanation for the decline.