🔴 Tech ETF (FTXL) is trading 2.17% down in pre-market as Trump rejects Iran’s Hormuz proposal

FTXL is trading at $249.10, down -2.17%, as Trump’s rejection of Iran’s Hormuz proposal renewed supply concerns.

• Brent rose 2.65% to $106.96 per barrel, reviving inflation and risk-off worries.
• Broader tech weakness is consistent with Nasdaq futures down 0.95% and 10-year Treasury yields near 5.19%, which can weigh on growth-stock valuations.
• No major U.S. economic release is scheduled before Dallas Fed Manufacturing Index at 16:30 ET; Friday’s Microsoft Copilot news was a prior-session catalyst.