🔴 Growth ETF (QQQM) is trading 1.56% down in pre-market as Middle East tensions lift oil prices

QQQM is trading at $289.80, down 1.56% from the September 11 close of $294.39 as rising Middle East tensions push Brent crude near $108.

• Technology-heavy Nasdaq futures are down 1.61%, while the 10-year Treasury yield remains near 4.97%, increasing pressure on long-duration growth stocks.
• Investors are positioning ahead of this week’s Federal Reserve decision.
• Markets are pricing roughly an 87%-90% chance of a 25-basis-point hike.