🔴 Tech ETF (FTXL) is trading 2.03% down as oil and rising yields pressure tech shares

FTXL is trading at $256.43, down -2.03%, as rising oil and Treasury yields weigh on technology sentiment.

• Asian tech shares were lower, while U.S. index futures reversed earlier gains.
• The 10-year Treasury yield climbed three basis points to 5.31% as higher oil pressured bonds.
• The decline follows Tuesday’s record-setting U.S. rally, making the move look like a pullback in risk appetite rather than a confirmed technology-company-specific catalyst.