🔴 Large Growth ETF (MGK) is trading 2.83% down in pre-market amid hawkish Fed rate-hike expectations

MGK is trading at $87.35, down -2.83% in pre-market amid hawkish Fed expectations.

• Nasdaq futures are down 0.88%, while technology-heavy XLK fell 1.6% in the latest session.
• Escalating U.S.-Iran tensions and oil above $90 are worsening risk sentiment and pressuring growth valuations.
• Hawkish Fed Chair Kevin Warsh commentary has lifted September rate-hike expectations toward 60%; investors await JOLTS and ISM Manufacturing data at 10:00 AM EST.