🔴 Tech ETF (HUMN) is trading 3.6% down in pre-market amid rising long-term Treasury yields

HUMN is trading at $30.00 (-3.60%) as rising long-term Treasury yields pressure growth-oriented technology stocks.

• U.S. futures are lower, led by Nasdaq futures down 0.65%, as global technology shares weaken.
• Heavy AI-related debt issuance is also pressuring growth-oriented technology stocks.
• Investors are positioning ahead of Nvidia earnings, Federal Reserve Chair Kevin Warsh’s Jackson Hole speech, and potential Iran sanctions.