FTXL is trading at $252.92, down 2.06%, as higher oil prices revive inflation concerns and rising yields weigh on growth-oriented technology stocks.

  • Brent rose nearly 4% after attacks on shipping near the Strait of Hormuz.
  • The 10-year Treasury yield climbed to 5.34%, and hawkish Fed minutes kept rate-hike concerns alive.
  • Nvidia, Broadcom and Micron were lower pre-market, adding to semiconductor-sector pressure.