VGT is trading at $119.00 (-1.71%) as Federal Reserve hike expectations pressure rate-sensitive technology valuations.
- Nasdaq futures are down 1.61%, while the 10-year Treasury yield approaches 5% and oil remains above $100.
- August core CPI exceeded expectations, increasing pricing for a hike at the September 15–16 meeting.
- Renewed Middle East shipping and oil-disruption risks add broader risk-off pressure; no stronger VGT-specific catalyst is evident, and AMD’s Taalas acquisition does not explain the sector-wide decline.