🔴 Tech ETF (FTEC) is trading 1.5% down on August 28, 2026 as semiconductor stocks pull back

FTEC is trading 1.5% down on August 28, 2026 as the AI-led technology rally loses momentum.

• NVIDIA remains a powerful sector catalyst after its forecast, while semiconductor stocks pull back and Marvell Technology weighs on chip sentiment.
• Investors are reacting cautiously to Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks on persistent inflation and less forward guidance.
• The broader Nasdaq is down 0.51%, confirming wider technology-led risk reduction; FTEC is reversing part of its 3.33% August 27 gain.