🔴 Tech ETF (SPRX) is trading 1.9% down in pre-market as oil rises and Treasury yields climb

SPRX is trading at $42.05, down 1.87% from the September 1 close following broad weakness in technology and U.S. equity futures.

• Renewed U.S.-Iran clashes pushed oil higher and lifted the U.S. 10-year Treasury yield to 4.8122%, pressuring growth-stock valuations.
• Japan’s 10-year yield also remained above 3%, reinforcing the global bond selloff and risk-off sentiment.
• Company-specific moves are mixed, while investors await Broadcom’s September 2 earnings for further AI-sector direction.