SPTE is trading at $48.11 (-6.58%) in pre-market as rising Treasury yields, elevated oil prices and renewed Strait of Hormuz tensions pressure growth stocks.

  • U.S. index futures are broadly lower, with Nasdaq futures down 0.83%; 8:30 a.m. ET jobless claims are a near-term market focus.
  • The move follows Wednesday’s broad selloff. TSMC’s Q3 revenue was T$1.49 trillion, above estimates on AI-chip demand; that strength may cushion semiconductor sentiment but not offset broader rates and risk-off headwinds.