🔴 Technology ETF (JEDI) is trading 4.32% down today as industrials weaken and elevated yields pressure equities

JEDI is trading 4.32% down as industrials and technology weakness pressure its major exposures.

• Industrials reportedly declined 1.2%; JEDI allocates 54.1% to industrials and 28.0% to information technology, pressured by elevated Treasury yields and valuation concerns.
• Cautious ahead of the August 19, 2026 FOMC minutes, Middle East tensions keep Brent crude above $90, sustaining inflation concerns.
• The $920 million NGAGE Air Force contract involves 24 awardees but is unlikely to offset risk-off pressure; the move is macro and sector-wide, not company-specific.