CONL is trading 3.8% down in pre-market as risk-off sentiment toward growth and tech-linked assets persists, dragging leveraged equity products lower.
- Overnight, U.S. equity futures slipped, with Nasdaq-100 futures down sharply following a global tech sell-off in Asian markets.
- Persistent concerns regarding stretched tech valuations and rising AI infrastructure costs are prompting further de-risking across the sector.
- Market caution ahead of upcoming consumer sentiment data is extending the ETF's multi-day slide.