TECL is trading at $197.29, down -4.78%, as higher Treasury yields pressure richly valued technology shares.
- The 10-year yield reached roughly 4.88%, its highest level in nearly three years, while August PPI remained elevated.
- Oil above $100 amid U.S.-Iran military escalation is intensifying inflation and risk-off concerns.
- The Nasdaq Composite fell 0.86% and S&P 500 0.74%; TECLβs leverage magnifies the decline, while Oracle and Adobe earnings uncertainty adds caution.