FTXL is trading 4.8% lower today as the information technology sector broadly sells off, with major tech benchmarks under pressure.
- Macroeconomic focus is on upcoming Federal Reserve minutes and trade data, which are weighing on rate-sensitive growth stocks.
- The decline appears to be a sector-led move rather than fund-specific news, as other tech-specific ETFs like XLK are also down sharply while broader indices remain mixed.