FTXL is trading 1.6% down in after-hours trading, extending a multi-day decline across the information technology sector as investors question the sustainability of the recent AI-driven rally.
- Broader weakness in growth and semiconductor names is weighing on the ETF following recent sector volatility.
- Investors are maintaining a cautious tone ahead of upcoming Federal Reserve minutes and key economic data releases.
- The selloff is particularly impacting rate-sensitive tech stocks within the IT complex as the multi-day downturn continues.