🔴 QQQM is trading 2.5% down today as tech-heavy exposure tracks a sharp drop in NASDAQ futures

QQQM is trading 2.5% lower in pre-market action as its tech-heavy exposure tracks a broader risk-off move in equity futures.

• NASDAQ-100–linked futures are down sharply, with NQ lower by more than 2%, weighing on large-cap growth and AI-related names.
• Higher-rate expectations and a pullback after recent AI-led gains are driving the information technology sector lower.
• Market sentiment remains cautious ahead of Thursday’s PCE inflation report, with no major U.S. economic data due before then.