LYTE is trading at $23.80 (-3.25%) as global bond yields rise sharply, pressuring high-duration technology valuations.
- Japan’s 10-year yield reached 3%, its highest since 1996.
- Semiconductor stocks are leading technology lower as higher yields, elevated oil prices, and geopolitical risk reduce risk appetite.
- The decline is reinforced by broader weakness: the Nasdaq Composite is down 1.03%.