🔴 Tech ETF (SOXQ) is trading 2% down in pre-market as Iran tensions lift oil, stoking inflation fears

SOXQ is trading at $97.76, down 1.93%, amid overnight technology weakness and broader risk-off trading.

• Nasdaq futures are down 0.88%, reflecting overnight technology weakness and broader risk-off trading.
• President Trump’s rejection of Iran’s Strait of Hormuz proposal lifted oil prices and renewed inflation concerns; the 10-year Treasury yield is near 5.20%.
• A reported Nvidia antitrust probe is adding pressure to semiconductor sentiment. No major U.S. data is scheduled before the close; the Dallas Fed index is due at 4:30 PM ET.