🔴 Tech ETF (XSD) is trading 6.2% down on August 18, 2026 as yields hit multi-year highs

XSD is trading 6.24% down on August 18, 2026 as multi-year-high Treasury yields pressure technology valuations.

• The S&P 500 Information Technology sector was down 1.5%; Nvidia, Micron, Intel and other chip stocks weakened.
• Rising oil prices and fading U.S.-Iran peace prospects pushed yields higher, reducing the present value of future technology profits.
• July housing data were mixed: starts were 1.239 million and permits 1.443 million; the Nasdaq fell more sharply than the S&P 500, signaling broader risk-off trading.