LYTE is trading at $26.05, down -3.05%, as higher Treasury yields and rising oil prices weigh on risk appetite and pressure rate-sensitive technology stocks.
- The 10-year Treasury yield moved above 5.30%, while Brent crude rose above $100 amid renewed regional tensions.
- Investors are cautious ahead of the 2:00 p.m. ET FOMC minutes; weaker chip shares added pressure.
- The broader market is lower, consistent with a macro-driven pullback rather than an isolated ETF move.