FTEC is trading at $260.40, with a +2.06% gain, as technology shares rebounded after Thursday’s steep AI-related selloff.

  • Chip stocks recovered as investors bought beaten-down names.
  • Concerns about tighter AI and data-center rules after the Democratic midterm sweep remain a sector-level risk.
  • Strong October payrolls—165,000 jobs and 4.1% unemployment—pushed yields and December rate-hike expectations higher, tempering the rally.