🔴 Technology ETF (TECL) is trading 5.8% down in pre-market as oil and Treasury yields pressure growth stocks

TECL is trading at $193.99 (-5.83%) as Nasdaq futures weakness pressures technology stocks.

• Nasdaq futures are down 1.61%, signaling broad technology-sector weakness.
• Brent crude above $100 and 10-year Treasury yields near 5% raise inflation and rate concerns, pressuring high-duration growth stocks.
• Middle East shipping-risk concerns and Federal Reserve hike expectations reinforce the overnight risk-off move; Oracle strength partly offsets, but broad futures weakness dominates TECL’s pre-market action, reflecting leveraged information-technology exposure, not a single-company catalyst.