🔴 PLTE.TO ETF (PLTE.TO) is trading 3% down as tech stocks retreat

PLTE.TO is trading at CA$19.51 (-3.03%) on August 24, 2026, with the decline primarily tied to weakness in technology and high-growth stocks.

• Nasdaq 100 futures were down 0.5% before the open as investors reduced exposure to richly valued AI names following Nvidia-related weakness.
• Higher Treasury yields, fresh Iran sanctions, failed U.S.-Canada trade talks, and tariff concerns are reinforcing the risk-off tone.
• Palantir’s recent rally and elevated valuation may amplify profit-taking, while leveraged exposure increases PLTE.TO’s sensitivity to PLTR’s movement.