🔴 Tech ETF (VGT) is trading 1.58% down in pre-market as rising yields pressure growth stocks

VGT is trading 1.58% down in pre-market as rising Treasury yields pressure growth-oriented technology shares.

• Technology stocks are down 1.52% pre-market as Nasdaq futures fall 1.32% in a broad risk-off move after U.S.-Iran ceasefire hopes faded, sending oil higher and rekindling inflation concerns.
• The 30-year Treasury yield reached its highest level since 2007, while major semiconductor names also traded lower pre-market.
• Housing starts and building permits due at 8:30 a.m. EST could add further rate-sensitive volatility.