🔴 Technology ETF (JEDI) is trading 3.15% down today as activity data lifts 10-year yield above 5%

JEDI is trading 3.15% lower as strong September business-activity data pushed the 10-year Treasury yield above 5%.

• Price: Not provided; % Change: -3.15%.
• The S&P 500, Nasdaq Composite and Dow Jones all declined, as higher yields pressured equity valuations and borrowing-sensitive industrial companies.
• Rising oil prices renewed inflation concerns, while investors rotated defensively amid weaker sentiment. Reuters reported the Composite PMI reached its highest level since July 2021.