🔴 Tech ETF (WQTM) is trading 1.76% down in pre-market after renewed U.S.-Iran strikes lifted oil

WQTM is trading at $30.68 (-1.76%) in pre-market as renewed U.S.-Iran strikes pushed oil higher, reviving inflation and rate-hike concerns.

• The 10-year Treasury yield climbed above 4.8%, pressuring rate-sensitive technology valuations.
• Nasdaq futures fell 0.35%, confirming broader risk-off pressure rather than an isolated ETF move.
• Investors await ADP employment and factory-orders data on September 2, potentially affecting Federal Reserve expectations.