The Destiny Tech100 Inc. ETF is experiencing notable price movement due to several factors impacting the technology sector. On December 18, 2024, the tech sector faced a challenging trading environment, with significant declines in key stocks. Notably, Monday.com (MNDY) saw a 5.4% drop, and Viking Therapeutics (VKTX) fell by 8.1%, contributing to the sector's overall weakness. The declines were partly driven by negative sentiment following Merck's recent deal in the obesity drug market, which affected related biotech stocks. Additionally, the broader tech market is grappling with concerns over future earnings growth, as highlighted by the mixed performance of companies like DLocal and EnerSys, which saw contrasting movements based on specific corporate developments.
The Destiny Tech100 Inc. ETF (DXYZ) is currently priced at $66.30, reflecting a 4.97% decrease from its previous close.