LYTE is trading at $26.14 (+3.65%) as semiconductor stocks lead technology higher.
- The Philadelphia Semiconductor Index is up over 3%, with Intel, AMD, and Marvell Technology advancing sharply.
- Falling Treasury yields and lower crude oil prices are easing inflation concerns and supporting growth-stock valuations.
- The Bank of Japan’s rate hike was interpreted as gradual, improving global risk appetite; Asian equities also rallied.