🔴 Intel is trading 4.1% down today as rising oil prices pressure tech stocks

Intel is trading 4.1% down at $101.89 as rising oil prices and renewed U.S.-Iran tensions pressure technology and rate-sensitive stocks.

• The decline follows a sharp recent rally.
• Semiconductor shares are under pressure: SOXX is down 2.63%, while the Nasdaq is down 0.85%.
• Elevated August producer-price inflation is keeping Treasury yields firm; no clear company-specific announcement explains the decline.