🔴 Growth ETF (QQQM) is trading 1.6% down today as oil and Treasury yields pressure growth stocks

QQQM is trading at $306.95, down 1.60%, as oil’s surge amid Middle East escalation revived inflation concerns and Treasury yields near multi-year highs pressured growth stocks.

• Technology was among the weakest S&P 500 sectors; Amazon, Tesla, and Nvidia fell, adding pressure to QQQM.
• The broader market was lower, with the Nasdaq Composite down 1.50% in the supplied market context, consistent with a risk-off move.