🔴 Tech ETF (XSD) is trading 2.56% down in after-hours trading as August jobs report lifts Fed hike expectations

XSD is trading at $478.56, down -2.56%, as the 162,000-job August report increased expectations for a September Federal Reserve rate hike and lifted Treasury yields.

• Higher rates pressure technology valuations amid a broader risk-off move.
• Broadcom’s weak Q4 revenue guidance added semiconductor-sector concern.
• Major indexes weakened, including the Nasdaq Composite, down 0.69%.