The industrials sector, as measured by the XLI ETF, fell 2.18% in the pre-market session due to widespread market pressures. A significant rise in U.S. Treasury yields to multi-year highs increased concerns about borrowing costs and economic growth, weighing on cyclical sectors. [4] This macro-driven sell-off was also influenced by profit-taking after the broader market reached record highs in the previous session. [6] Investors are showing caution ahead of the release of the latest FOMC minutes. [4]