🔴 Pure Storage is trading 4.8% down today as elevated Treasury yields pressure tech shares

Pure Storage is trading at €95.72, down -4.80%, under pressure as elevated Treasury yields weigh on growth-oriented technology shares.

• Reuters reported that U.S. indexes recovered on August 19 as yields retreated from multidecade highs, while technology remained sensitive to rates.
• No clear company-specific announcement or catalyst was identified for August 19.
• The decline follows a sharp recent rally and broader technology weakness.