🔴 Tech ETF (SPRX) is trading 1.56% down in pre-market as higher Treasury yields pressure growth stocks

SPRX is trading at $48.03, down -1.56%, as higher 10-year Treasury yields near 5.125% pressure technology and other growth-stock valuations.

• Nasdaq futures are down 0.81%, leading broader U.S. equity futures lower; the Nasdaq fell 1.07% on September 23.
• Investors await initial jobless claims, forecast near 200K, while strong recent activity data reinforces rate-hike concerns.
• Japanese yields, Middle East tensions, and weaker cryptocurrency prices add to overnight risk aversion.