🔴 TECS is trading 5.3% down in pre-market as Nasdaq futures rise after Fed decision

TECS is trading 5.29% down at $60.33 as broad technology sentiment improves following the Federal Reserve’s September 16 rate decision.

• Nasdaq futures were up 0.93% early September 17.
• The Fed signaled another possible hike and maintained pressure on growth valuations.
• As a leveraged inverse technology ETF, TECS is moving opposite the sector’s pre-market recovery; no company-specific announcement was identified.