FTXL is trading at $221.10, down 2.24% from the August 21 close after a broader technology selloff.
- Nasdaq futures were down 0.60%, while higher Treasury yields pressured growth-oriented technology stocks and the S&P 500 Information Technology sector fell more than 3% for the week.
- Investors are reducing exposure ahead of NVIDIA earnings on August 26, Fed Chair Kevin Warsh’s Jackson Hole speech, and inflation data.
- Asian technology weakness, including Alibaba’s large share placement, reinforced cautious AI-trade positioning.