🔴 Trading--Inverse Equity ETF (SNDQ) is trading 3.04% down in pre-market as U.S. equity futures rebound

SNDQ is trading at $14.66, down 3.04% pre-market as equity futures rebound.

• S&P 500, Nasdaq, and Dow futures are higher; ES is up 0.75% and NQ is up 0.90%, pressuring the inverse-equity ETF.
• The decline offsets SNDQ’s recent rally as U.S. stocks recover from September 16’s Fed-driven selloff.
• The 25-basis-point Fed hike and near-5% Treasury yield remain a volatility backdrop; housing starts and building permits were scheduled for 8:30 AM ET after 4:10 AM. Reuters’ 10-year yield was near 4.9917% as global equities ticked higher.