🟢 Tech ETF (SPTE) is trading 3% up in pre-market with no clear catalyst established

SPTE is trading at $51.70, up +3.00% in pre-market, with no clear cause for the move established by available evidence.

• Trump’s rejection of Iran’s Strait of Hormuz proposal lifted oil and renewed inflation worries; Treasury yields climbed, while Nasdaq futures were down 0.98%.
• Those macro pressures would normally weigh on technology valuations and do not explain SPTE’s reported gain.
• Microsoft announced its Copilot redesign Friday, helping support technology shares then, but available evidence does not establish it as the cause of Monday’s pre-market move.