🔴 Tech ETF (FTXL) is trading 1.75% down in pre-market as oil and Treasury yields weigh

FTXL is trading at $257.16, down 1.75%, as higher oil and rising Treasury yields weigh on sentiment.

• Asian technology shares turned lower, and U.S. index futures reversed earlier gains; the Nasdaq Composite fell 0.80% and Nasdaq futures fell 0.63%.
• Traders were cautious ahead of the 2:00 p.m. ET FOMC minutes; a hawkish read could reinforce rate concerns and pressure growth stocks.