🟢 Tech ETF (FTEC) is trading 1.8% up in pre-market after weak payrolls boosted Fed-cut hopes

FTEC is trading at $290.68 (+1.83%) as softer-than-expected July payrolls boosted expectations for easier Federal Reserve policy.

• Information technology is leading the pre-market rebound as Nasdaq futures gained 1.22%; July payrolls were 73K versus 110K expected, and unemployment rose to 4.2%; the data benefited growth and technology stocks.
• Stronger forecasts from Microchip Technology and Atlassian supported sector sentiment, while Middle East tensions, higher oil, and Treasury yields remain risks.