🔴 Tech ETF (SPTE) is trading 4.7% down in pre-market as oil nears $99 amid hostilities

SPTE is trading at $46.08, down 4.71% from the September 8 close as broad risk aversion weighs on technology.

• Nasdaq futures were lower, while Brent crude approached $99 after Middle East hostilities; elevated yields increased pressure on rate-sensitive technology valuations.
• Technology faces event-related uncertainty ahead of Apple’s September 9, 2026 product showcase.
• The prior session’s market-wide decline reinforced the sector selloff.