🔴 HVAC is trading 5.2% down in after-hours trading as rising yields pressure valuations

HVAC is trading 5.2% down now at $32.10 after broader rate-sensitive HVAC and data-center infrastructure stocks faced selling pressure.

• Rising Treasury yields and stronger-than-expected August jobs data increased expectations for a September Federal Reserve hike, weighing on valuation-sensitive industries.
• HVAC-sector shares have recently faced pressure from higher yields and AI-infrastructure valuation concerns rather than a company-specific announcement.
• On September 4, the S&P 500 fell 0.45% and Nasdaq Composite fell 0.65%, reinforcing the risk-off backdrop.