🔴 Tech ETF (FTXL) is trading 1.6% down today as long-term Treasury yields pressure tech stocks

FTXL is trading 1.6% down as elevated long-term Treasury yields pressure high-valuation technology stocks.

• The 30-year Treasury yield recently stood near 5.27%, while the 10-year yield rose to 4.72%, keeping rate-sensitive growth shares under pressure.
• Investors are reducing technology exposure ahead of Nvidia’s August 2026 earnings report and the Federal Reserve’s Jackson Hole symposium, which could reset expectations for AI demand and interest-rate policy.
• Broader markets are posting modest gains, making the move sector-specific rather than a broad-market selloff.