🔴 Growth ETF (XOVR) is trading 2.5% down in pre-market as Treasury yields pressure growth valuations

XOVR is trading at $20.69 (-2.5%) as 10-year Treasury yields near 5.125% pressure long-duration growth valuations.

• Nasdaq futures are down 0.81%, weighing on XOVR’s 32.3% information-technology allocation; S&P 500 futures are down 0.47%.
• Investors await 8:30 AM ET initial jobless claims; no major inflation or Fed release is scheduled.
• The move extends XOVR’s September 23 decline, reflecting macro-driven growth-stock pressure rather than a company-specific catalyst.