🔴 Tech ETF (DRMP) is trading 4.4% down in pre-market as Iran tensions pressure tech valuations

DRMP is trading at $23.01, down 4.4% from the August 17 close of $24.06 as technology shares face broad pre-market pressure.

• Nasdaq-100 futures fell about 1.3%.
• Micron, AMD, and Intel declined roughly 2%-5%.
• Renewed U.S.-Iran tensions pushed oil higher and the 30-year Treasury yield to around 5.32%, pressuring rate-sensitive technology valuations.