🔴 Tech ETF (CHAT) is trading 3.4% down in pre-market as Brent crude remains above $100

CHAT is trading at $87.60 (-3.41%) as Brent crude remains above $100 after U.S.-Iran military escalation worsens inflation and risk sentiment.

• Markets await August PPI at 8:30 a.m. ET, with hotter pricing likely lifting yields and pressuring rate-sensitive technology shares.
• Nasdaq futures are down 0.19%, while European markets remain pressured ahead of an expected ECB rate hike.
• The move is primarily macro-driven rather than tied to a single dominant holding.