🔴 Tech ETF (SPTE) is trading 2.32% down in pre-market as Trump’s rejection renews oil-supply concerns

SPTE is trading at $49.03, down 2.32% in pre-market as President Trump’s rejection of Iran’s Strait of Hormuz proposal renewed supply concerns.

• Brent approached $107/barrel in early trading.
• Higher oil prices and Treasury yields are adding inflation and interest-rate pressure to technology stocks. Nasdaq futures fell 0.98%, and broader U.S. index futures were also lower, consistent with a risk-off move rather than an isolated ETF catalyst.
• No SPTE-specific news or volume data was provided.