🔴 Tech ETF (DRMP) is trading 3% down as higher-rate concerns pressure growth stocks

DRMP is trading at $20.90 (-3.01%) as technology futures weakened ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.

• Marvell Technology fell sharply despite stronger results, as investors questioned AI deal timing and elevated growth expectations.
• Higher-rate concerns pressured growth-oriented stocks, while the Nasdaq fell 0.21% and the Dow rose 0.14%, suggesting the decline was sector-driven rather than broad-market.