POW is trading 3.1% lower as August producer inflation exceeded expectations, raising concerns the Federal Reserve may delay easing.
- Higher Treasury-rate expectations are pressuring rate-sensitive industrial, utility, and technology holdings.
- Brent crude is above $100 per barrel following escalating U.S.-Iran tensions, adding inflation and geopolitical risk.
- The decline is consistent with broader weakness in major U.S. indices and risk assets during the September 10, 2026 session.