LITX is trading at $30.36 with a -5.36% move in pre-market as President Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz coincided with rising oil prices and weaker U.S. equity futures.
- The move renewed inflation and high-rate concerns, weighing on growth-oriented technology exposure.
- Nasdaq futures fell especially sharply. No major U.S. economic release is scheduled before the open; the Dallas Fed manufacturing index is due later Monday.