VGT is trading at $695.57 (down 1.57%) in pre-market as escalating US-Iran tensions and threats against American tech companies reverse previous market optimism.
- Nasdaq futures have dropped 1.37% amid regional violence, including missile strikes near Qatar, and hawkish rhetoric from the U.S. administration.
- Geopolitical instability and specific threats to target technology firms have overshadowed yesterday's gains, leading to sector-wide underperformance.