🔴 TTM Technologies falls 4.2% — Technology Stocks Decline as Rising Yields and Oil Prices Spook Markets

With Technology (XLK) down 1.6%, this looks like a sector-led move rather than a company-specific surprise.

The technology sector is experiencing a significant downturn as a global bond sell-off pushes Treasury yields to their highest levels since early 2025. [2, 4, 10] This rise in yields, coupled with increasing oil prices, is fueling inflation concerns and weighing heavily on growth-oriented tech stocks by making safer assets more attractive. [2, 15] The sell-off is broad-based, with semiconductor stocks like NVIDIA, AMD, and Intel seeing notable declines amid the risk-off sentiment. [2, 15, 16]