The Tidal Trust II YieldMax Ultra Option Income Strategy ETF (ULTY) closed at $8.51 on January 8, 2025, down 0.45% as tech giants within its tracked sectors faced significant pressure. The decline was primarily driven by tariff-related headlines and a bond selloff in the UK and Europe, which elevated yields and strengthened the dollar, adversely affecting the tech sector. Major players like Amazon, Tesla, Meta, and Alphabet, which are sensitive to risk sentiment shifts, contributed to the broader market downturn. Additionally, Palantir's shares fell over 2.5% following a significant sale by Cathie Wood, and Palo Alto Networks experienced declines due to analyst downgrades. Despite some resilience in real estate, the overall market breadth remains weak, reflecting broader challenges in equity markets.