🔴 Tech ETF (SOXQ) is trading 1.76% down in pre-market as yields rise before Fed minutes

SOXQ is trading at $102.20, down 1.76%, as rising Treasury yields weigh on rate-sensitive growth stocks.

• Softer U.S. equity futures point to a weaker open, with Nasdaq futures down 0.63%.
• Investors are cautious ahead of the 2:00 p.m. ET FOMC minutes; the 10-year Treasury yield rose to 5.31%.
• Asian trading showed profit-taking in semiconductor-related stocks, adding pressure to chip-sector sentiment.