🔴 Tech ETF (SOXQ) is trading 1.66% down in pre-market as higher yields pressure growth stocks

SOXQ is trading at $97.00 (-1.66%) amid a broader technology and semiconductor pullback as U.S. futures weaken and Treasury yields remain elevated.

• The 10-year yield is near 5.11%-5.12%, its highest level since 2007.
• Strong September PMI data accelerated rate-hike expectations, pressuring richly valued growth stocks.
• Today’s jobless claims and August new-home-sales reports may influence rates; no confirmed company-specific catalyst dominates the move.