🔴 Tech ETF (WQTM) is trading 1.72% down in pre-market as Nasdaq futures fall

WQTM is trading at $31.40, down 1.72% in pre-market as rising yields, oil prices, and weaker Nasdaq futures pressure tech stocks.

• Nasdaq futures fall 1.61%; higher oil and Treasury yields intensify inflation and rate concerns ahead of Fed decision, with traders assigning roughly 87%-90% probability to a 25-basis-point hike.
• Weekend AI headlines, geopolitical shipping risks, and Brent crude above $100 worsen sentiment.
• The move appears macro-driven, not tied to a dominant holding; long-duration growth stocks are yield-sensitive.