XSD is trading at $519.10 (-1.58%) as September U.S. composite PMI accelerated to 58.4, its strongest reading since July 2021, reinforcing expectations the Federal Reserve may keep rates elevated or hike again.
- A Treasury selloff pushed the 10-year yield above 5.10%, pressuring rate-sensitive technology valuations.
- The move is sector-wide: the Nasdaq is down 0.61%, while higher energy prices and inflation concerns add to risk-off pressure.