🔴 Large Growth ETF (VOOG) is trading 1.58% down in pre-market as 10-year Treasury yield topped 5%

VOOG is trading 1.58% lower in pre-market as strong September PMI data lifted the 10-year Treasury yield above 5%, pressuring growth stocks. - Higher yields increased expectations for additional Federal Reserve tightening and reduced the relative appeal of long-duration growth equities. - The Nasdaq and technology-sensitive growth stocks weakened; overnight futures remained lower, with technology stocks sensitive to rates and AI-trade positioning.