🔴 Tech ETF (XSD) is trading 1.68% down in pre-market as higher Treasury yields pressure valuations

XSD is trading at $477.00 (-1.68%) as higher Treasury yields weigh on rate-sensitive technology valuations.

• Nasdaq futures are down about 1%, signaling broad pressure on technology and growth stocks; the 10-year Treasury yield is near 4.78%.
• Brent crude is near $91, and renewed U.S.-Iran hostilities are worsening risk sentiment.
• The decline is primarily macro-driven rather than tied to a single XSD holding; upcoming JOLTS and Manufacturing PMI reports could add rate volatility.