🔴 Tech ETF (LYTE) is trading 5.2% down in pre-market as rising yields pressure growth tech

LYTE is trading at $24.20 (-5.17%) as rising bond yields pressure high-growth technology shares.

• Semiconductor and AI-related stocks remain under pressure, with Nasdaq-100 futures recently down 1.21% during the sector selloff and chipmakers leading broader technology declines.
• No major U.S. economic release is scheduled for Monday, August 24, 2026, suggesting the move is primarily sector-driven rather than a fresh domestic data shock.