🔴 Intel ETF (INTC.TO) is trading 3.27% down today as Treasury yields pressure technology valuations

INTC.TO is trading at CA$67.09, down 3.27%, as rising crude prices renewed inflation concerns and pushed the 10-year Treasury yield near 4.99%, pressuring technology valuations.

• The Nasdaq Composite is down 1.17% as investors reassess rate expectations and await PMI signals.
• The decline likely also reflects profit-taking after INTC.TO’s sharp 11.96% gain on September 21 and its cumulative recent rally.