🔴 Tech ETF (SPTE) is trading 3.18% down today as oil and Treasury yields pressure tech stocks

SPTE is trading 3.18% down today as oil prices and Treasury yields pressure technology valuations.

• Nasdaq Composite is down 1.41%; information technology leads the decline. Reuters reports S&P 500 Information Technology is the biggest drag, down 1.5%.
• Stalled U.S.-Iran diplomacy raises oil and inflation risks; Treasury yields reach multi-year highs as investors sell growth and semiconductor stocks.
• NVIDIA, Micron, Marvell, Intel, and SanDisk are weakening, adding sector pressure; the move is primarily macro-driven, not SPTE-specific.