🔴 Growth ETF (PWB) is trading 1.66% down in pre-market as semiconductor losses pressure technology stocks

PWB is trading at $156.22 (-1.66%) as semiconductor losses pressure technology stocks.

• IT led August 18 selloff; Philadelphia Semiconductor Index fell about 5%, with Nvidia, Intel and Micron among drags.
• 30-year Treasury yield hit highest since 2007; 10-year neared 4.75%. Fading U.S.-Iran peace prospects pushed oil above $90, reviving inflation concerns.
• Overnight Asian chip losses reinforced negative tone ahead of FOMC minutes; positive U.S. futures suggest limited pre-market stabilization, not reversal. Decline is sector-wide, not company-specific.