🔴 Tech ETF (XSD) is trading 1.8% down as investors lock in gains after chip rally

XSD is trading at $524.96 (-1.78%) as investors lock in gains after a sharp multi-session semiconductor rally.

• Profit-taking in AI and chip stocks is weighing on the technology sector; the Nasdaq is down 0.54%, while elevated Treasury yields are pressuring growth-stock valuations.
• Traders are reducing risk ahead of September flash PMI data and Federal Reserve Vice Chair Michael Barr’s remarks, which could influence interest-rate expectations.