🔴 Tech ETF (CIBR) is trading 1.66% down as higher yields and oil pressure tech stocks

CIBR is trading at $106.34 (-1.66%) as higher Treasury yields and oil prices pressure technology stocks ahead of the Federal Reserve’s September meeting minutes.

• The 10-year yield was around 5.3%, while Brent crude rose above $101 amid renewed Strait of Hormuz supply concerns.
• Semiconductor weakness added pressure, with Micron and Marvell lower in premarket trading.
• The broader market also declined, consistent with a wider risk-off move rather than a CIBR-specific catalyst.