🔴 Tech ETF (IYW) is trading 1.87% down in pre-market as Democrats’ sweep heightens AI oversight concerns

IYW is trading at $234.88 (-1.87%) as Democrats’ congressional sweep heightened concerns about tighter AI oversight and disruption to data-center investment.

• Technology shares fell overnight; Asian markets also saw tech-led declines.
• AMD’s $8.5 billion in data-center revenue, up 97%, offered a counterpoint, but broader election-related pressure persisted.
• Reuters reported Nasdaq futures fell more than 2% before trimming losses to about 0.8%, contrasting with the supplied snapshot showing U.S. futures higher. No volume information was provided.