🔴 Tech ETF (XSD) is trading 2.23% down today as bond yields surge

XSD is trading 2.23% down as surging global bond yields pressure technology valuations and AI investment financing costs.

• Japan’s 10-year yield reached 3% for the first time since 1996; Middle East tensions pushed oil toward $91, reinforcing inflation and interest-rate concerns.
• The Nasdaq Composite fell 1.27%, confirming broad risk-off conditions. NVIDIA’s strong results provide sector support.
• Dell and Palo Alto Networks earnings add company-specific uncertainty on September 1, 2026.