EUV is trading 3.11% down today as August producer prices rose 0.4% month over month and 5.4% year over year, restraining Fed rate-cut expectations amid a technology-led selloff.
- Higher Treasury yields pressure growth and tech valuations; oil above $100 per barrel intensifies inflation and geopolitical concerns.
- Semiconductor weakness, including Intel and Micron declines, adds pressure; Nasdaq is down more than the S&P 500.
- Macro-driven move; investors await September 11 CPI data and next week’s Fed decision.