🔴 Technology ETF (CIBR) is trading 1.9% down in pre-market as Hormuz rejection revives inflation fears

CIBR is trading at $99.00, down -1.93%, as Trump’s rejection of Iran’s Hormuz proposal renewed supply-risk and inflation concerns.

• Oil prices rose in early trading; higher oil and bond yields, alongside weaker U.S. equity futures—especially Nasdaq futures—are pressuring technology and other growth stocks.
• No major U.S. release is scheduled before the open; Fed speakers and the Dallas Fed index are among the day’s later watch points.