🔴 Tech ETF (EUV) is trading 3.6% down in pre-market on rising oil and yields

EUV is trading 3.6% down in pre-market as oil and yields pressure growth stocks.

• Nasdaq futures drop 1.61%; yields approach 5%, Brent crude tops $107 amid renewed Middle East shipping risks.
• Higher energy prices revive inflation concerns; Reuters reports roughly 85% odds of a 25-basis-point Federal Reserve hike at the September 15–16 meeting.
• The move appears macro-driven; Oracle’s positive reaction offsets, but broad risk reduction weighs more heavily on the technology-heavy ETF.