🔴 Tech ETF (WQTM) is trading 1.85% down in pre-market despite Monday’s AI-chip rally

WQTM is trading at $27.00 (-1.85%), against Monday’s AI-driven chip rally.

• The price is below the October 26 close of $27.51.
• Monday’s rally followed Anthropic’s IPO filing; the Philadelphia Semiconductor Index rose 2.8%, and technology led S&P 500 gains.
• At the supplied 4:34 a.m. snapshot, Nasdaq futures were down 0.39%, a possible near-term headwind. Durable goods and consumer confidence data are due later as markets await the Fed decision.