🔴 Tech ETF (FTXL) is trading 2.37% down in pre-market as oil and Treasury yields rise

FTXL is trading 2.37% down in pre-market as higher oil prices and Treasury yields pressure rate-sensitive growth stocks.

• Nasdaq futures are down 1.61%, while overnight Middle East shipping risks and oil above $100 reinforce risk-off sentiment.
• Markets are reassessing the September 16 Federal Reserve decision, with rate-hike expectations rising sharply after recent inflation data; the 10-year Treasury yield approaches 5%.
• The move appears primarily macro-driven rather than tied to a single technology-company announcement.