🔴 IPO ETF (IPO) is trading 3.1% down in pre-market on selected growth-stock weakness

IPO is trading at $52.00, down 3.05%, with pressure appearing ETF-specific amid weakness in selected growth holdings.

• Nasdaq futures rose 0.52%, while AI-linked IPO holdings CoreWeave, Astera Labs, and Arm showed strength.
• Positioning ahead of the August employment report could sharply shift Federal Reserve rate expectations.
• Middle East tensions and elevated oil prices add risk to high-beta equities.