🔴 Tech ETF (XSD) is trading 2.02% down as oil and Treasury yields revive rate concerns

XSD is trading at $537.32, down 2.02%, as rising oil prices and Treasury yields revive inflation and rate concerns.

• Reports cite oil jumping nearly 4% and hawkish Fed minutes; semiconductor shares weakened, with Nvidia, Broadcom and Micron lower in premarket trading.
• The move follows October 7’s chip-stock decline and broader risk aversion amid Middle East supply fears.
• The S&P 500, Nasdaq Composite and Dow are also lower, though less than XSD, suggesting added semiconductor-sector weakness.