🔴 Tech ETF (CHPS) is trading 2.17% down in pre-market amid 10-year Treasury yields near 4.97%

CHPS is trading at $83.00 and is -2.17% in pre-market amid macro pressure from rising Treasury yields.

• Nasdaq futures are down 1.61%; 10-year Treasury yields near 4.97% and Brent crude above $104 are increasing valuation and inflation concerns.
• Investors are positioning ahead of the September 15–16 Fed meeting, with roughly 85%–90% odds of a 25-basis-point hike.
• Renewed Middle East shipping risks add risk-off pressure, while Oracle’s strong results provide only a partial sector offset.