PWB is trading 1.57% lower on August 19, 2026, despite modest broader-market gains, as information technology remains pressured by elevated long-term Treasury yields and uncertainty ahead of the 2:00 PM ET FOMC minutes.
- Semiconductor and AI-stock weakness is amplifying the decline, with NVIDIA and Micron among notable pressure points.
- Treasury’s expanded buyback plan has eased yields but has not fully reversed technology’s rate-sensitive selling.