VUG is trading 2.8% down in after-hours trading as the 10-year Treasury yield reached roughly 5%.
- The decline reflects broad growth-stock pressure rather than a confirmed major-holding earnings shock; oil above $100 intensified inflation concerns and pressured rate-sensitive technology shares.
- The yield was at its highest level since 2007 as markets positioned defensively ahead of the Federal Reserve’s September 16, 2026 decision.
- Investors increasingly expect a 25-basis-point hike and potentially higher rates for longer.