🔴 Technology ETF (EUV) is trading 2.49% down in pre-market as Trump rejects Iran’s Hormuz proposal

EUV is trading at $24.32, down 2.49%, as President Trump’s rejection of Iran’s Strait of Hormuz proposal renewed geopolitical risk.

• The price is below the September 25 close of $24.94; the rejection lifted oil prices and weighed on futures.
• Nasdaq futures were down 0.88% amid broader technology weakness; high Treasury yields and Nvidia’s reported antitrust probe added pressure.
• No major U.S. data is scheduled before the Dallas Fed index later Monday.