🔴 Tech ETF (SPTE) is trading 1.56% down today as oil-driven rate fears pressure tech stocks

SPTE is trading at $49.36, down -1.56%, as higher crude oil and Treasury yields revive inflation concerns and pressure growth-stock valuations.

• Crude oil is near $100.55, while the 10-year Treasury yield is moving toward 4.99%.
• The Nasdaq Composite is down 1.17% amid broader risk aversion. Investors are awaiting September flash PMI data and Fed commentary for rate-path signals.