🔴 Technology ETF (AIPO) is trading 3.3% down in pre-market as higher oil prices pressure industrials

AIPO is trading at $28.02 (-3.27%) as industrials weaken alongside broader risk-off futures.

• The Dow is down 0.32% and S&P 500 futures are down 0.71%.
• Higher oil prices and Middle East supply concerns are pressuring cyclical and industrial stocks as traders position ahead of Tuesday’s Federal Reserve decision.
• GE Aerospace’s $11.75 billion CPP acquisition is notable industrials news but does not explain the broad sector decline.