FTXL is trading at $232.03, down 1.89%, reversing its premarket gain as investors position cautiously ahead of the August 12, 2026 CPI report.
- The Nasdaq Composite is down while the broader market is nearly flat, indicating technology-specific pressure rather than a broad equity selloff.
- Friday’s unexpectedly weak labor report initially supported rate-sensitive technology stocks by reducing Federal Reserve hike expectations; payrolls fell 23,000 and prior months were revised lower.
- Apple’s downgrade and Intel’s proposed share sale are weighing on technology sentiment today.