FTXL is trading 1.6% up today as a reported U.S.–Iran ceasefire reduces the geopolitical risk premium and shifts investor focus back to AI-driven growth.
- Large-cap technology names are rallying alongside stronger Nasdaq futures, helping reverse last week’s sector selloff tied to AI valuation and spending concerns.
- Improved market sentiment is driving gains across the information technology sector, which comprises nearly the entire weight of the ETF.