🔴 Qnity Electronics is trading 4.08% down today as rising yields pressure semiconductor stocks

Qnity Electronics is trading at $114.56 (-4.08%) alongside a weaker technology sector.

• XLK is down 1.62% during regular trading. Rising Treasury yields, higher oil prices, and inflation concerns are pressuring growth-oriented semiconductor stocks.
• Broad risk aversion is reinforced by Japan’s 10-year yield reaching 3%, while the Nasdaq is down 1.03%.
• Qnity Electronics announced new Stackplane advanced-packaging slurries on August 31; no negative company-specific catalyst was identified.