🔴 Tech ETF (CHAT) is trading 3.31% down today amid elevated Treasury yields

CHAT is trading at $85.08 (-3.31%) as elevated Treasury yields pressure growth-oriented valuations amid potential new Iran sanctions and broader geopolitical risk.

• Technology stocks lead Monday’s decline; the Nasdaq Composite is down 0.60% versus 0.30% for the S&P 500.
• Investors are positioning cautiously ahead of NVIDIA’s August 26 earnings and the Federal Reserve chair’s Jackson Hole speech.
• Reuters reports the S&P 500 Information Technology sector was already down more than 3% for the week.