🔴 Tech ETF (EUV) is trading 4.2% down on August 24, 2026 amid elevated long-term Treasury yields

EUV is trading 4.2% down on August 24, 2026, as elevated long-term Treasury yields pressure technology shares.

• The move appears sector-wide rather than ETF-specific, with the S&P 500 Information Technology sector falling more than 3% during the prior week.
• Renewed geopolitical uncertainty surrounding potential Iran sanctions and weaker Nasdaq futures are pressuring the sector; Nasdaq futures led Monday’s premarket losses.
• Investors are cautious ahead of Nvidia’s August 26 earnings and the Federal Reserve’s Jackson Hole speech, increasing volatility across AI and semiconductor-related holdings.