🔴 Tech ETF (SPTE) is trading 1.7% down today as inflation and Treasury yields pressure tech stocks

SPTE is trading 1.7% lower as August producer inflation and firm Treasury yields keep rate concerns elevated and pressure technology shares.

• Nasdaq-100 futures were slipping before the PPI release amid a broader risk-off session.
• Brent crude above $100 after escalating U.S.-Iran hostilities adds inflation and growth concerns.
• NVIDIA, Amazon, and Alphabet declined in the prior session; investors await Oracle and Adobe earnings for further technology-sector signals.