SOXQ is trading at $97.80, down 1.9%, as higher oil prices revived inflation concerns and pressured technology stocks. - President Trump’s rejection of Iran’s Strait of Hormuz proposal renewed supply concerns; Brent approached $107/barrel in early trading. - Nasdaq futures were down 0.88% in the supplied market context. Nvidia dropped 9.5% amid a Justice Department antitrust probe, adding pressure to technology sentiment. - No major U.S. data was scheduled before the open.