🔴 Technology ETF (LYTE) is trading 5.2% down after Trump rejects Iran proposal

LYTE is trading at $24.13, down 5.15%, as President Trump’s rejection of Iran’s proposal reignited geopolitical risk.

• The rejection lifted oil prices and stoked inflation concerns; higher Treasury yields pressured rate-sensitive technology stocks amid a risk-off tone.
• The OpenAI training pause added a sector-specific AI concern.
• Broad weakness in U.S. equity futures also weighed on tech.