CHAT is trading at $92.75, down -2.16%, as rising Treasury yields and higher oil prices weigh on growth stocks and investor risk appetite.
- Futures were also lower ahead of the open.
- Weakness in optical communications stocks added sector pressure, with Coherent, Lumentum, Credo, and Marvell among the decliners.
- Traders are watching the 8:30 a.m. ET jobless-claims release for further signals on the economy and rates.