🔴 Large Blend ETF (MTUM) is trading 1.68% down in pre-market as Nasdaq futures retreat

MTUM is trading at $316.66, down 1.68% from the August 17 close as Nasdaq futures retreat.

• September E-mini Nasdaq futures are down 0.17%, while broader S&P 500 futures are down 0.48%.
• Information technology is pulling back after recent AI-driven gains; Anthropic’s strong revenue outlook continues supporting semiconductor sentiment.
• Rising oil prices, Middle East tensions, elevated valuations, and profit-taking are weighing on broader technology exposure.