🔴 Tech ETF (CHAT) is trading 1.6% down in pre-market as rising Treasury yields pressure tech valuations

CHAT is trading at $86.01, down 1.60%, as rising Treasury yields pressure long-duration technology valuations.

• Nasdaq futures are down 0.99%, amplifying pressure on growth-oriented technology shares.
• The 10-year Treasury yield is near 4.78%, while Brent crude is above $92; renewed Middle East tensions are strengthening inflation and rate-hike concerns.
• Semiconductor stocks, including NVIDIA, AMD, and Micron, are each down more than 1% pre-market.