🔴 Tech ETF (SOXQ) is trading 1.5% down in pre-market as higher Treasury yields pressure technology shares

SOXQ is trading 1.5% down in pre-market as higher Treasury yields and renewed U.S.-Iran fighting pressure rate-sensitive technology shares.

• Nasdaq and S&P 500 futures are down 0.99% and 0.53%, respectively; oil nears $91, raising inflation concerns.
• Reuters says Wall Street futures began September lower as yields and oil weighed on sentiment.
• JOLTS and Manufacturing PMI may shift rate expectations; IT is 90.1% of SOXQ, suggesting a primarily macro-driven, not company-specific, decline.