🔴 Tech ETF (FTXL) is trading 3.56% down today as elevated Treasury yields weigh on technology valuations

FTXL is trading down 3.56% today as elevated Treasury yields weigh on technology valuations.

• Primarily sector-wide, the move is not FTXL-specific; Nasdaq futures fell 0.60%, while S&P 500 Information Technology fell more than 3% this week.
• Investors are cutting growth/semiconductor exposure before NVIDIA earnings and Federal Reserve Chair Kevin Warsh’s Jackson Hole speech; Iran sanctions and broader geopolitical risk pressure equities. STMicroelectronics’ third 2026 price increase signals strong semiconductor demand but hasn’t offset broader risk-off pressure.