🔴 Tech ETF (FTXL) is trading 1.74% down on September 24, 2026 as Treasury yields surge

FTXL is trading at $246.94, down 1.74%, as sharply higher Treasury yields pressure information technology stocks.

• The 10-year yield reached approximately 5.11%, its highest level since 2007, after strong September PMI data revived expectations for additional Federal Reserve tightening.
• The Nasdaq Composite is down 0.62% and the S&P 500 is down 0.38%. Higher discount rates particularly pressure rate-sensitive growth and technology valuations; no dominant single-company catalyst is evident.