🔴 Tech ETF (FTXL) is trading 1.5% down in pre-market as oil prices revive inflation worries

FTXL is trading at $254.34, down 1.51%, as higher oil prices revive inflation worries.

• Renewed Strait of Hormuz supply concerns drove Brent up 3.7% to $103.91 per barrel.
• The 10-year U.S. Treasury yield remained near a multi-decade high at 5.32%, weighing on growth stocks.
• Technology shares retreated as high valuations and AI spending faced earnings-season scrutiny; U.S. index futures were broadly lower pre-market.