FTXL is trading 1.6% down today as the information technology sector comes under pressure from a broader large-cap tech selloff and renewed geopolitical risks.
- Heavy post-earnings declines in mega-cap tech and higher oil prices are reinforcing inflation and interest rate worries, dampening appetite for growth stocks.
- Sweeping new U.S. tariffs are weighing heavily on semiconductor-related names, further impacting this technology-focused ETF.