LYTE is trading at $25.11, down 5.44%, as rising Treasury yields and a sharp oil-price jump pressure growth stocks.

  • Brent is above $105, while the 10-year Treasury yield is 5.34%; Middle East shipping attacks have heightened supply and inflation worries.
  • Semiconductor shares weakened in premarket trading: Nvidia, Broadcom and Micron fell, while Marvell, AMD and Intel were also lower.
  • The broader risk-off move followed Wednesday’s yield surge and renewed Strait of Hormuz concerns.