🔴 Tech ETF (FTXL) is trading 1.81% down in pre-market as semiconductor weakness weighs on tech stocks

FTXL is trading at $224.03 (-1.81%) amid sector-specific profit-taking and semiconductor weakness.

• The sector follows Thursday’s Nvidia-led rally; Nasdaq futures fall roughly 0.28%, while Nvidia slips pre-market.
• Marvell Technology falls about 8% despite strong results, weighing on chip stocks; investors await Federal Reserve Chair Kevin Warsh’s Jackson Hole speech for rate guidance.
• Wider markets are mixed, not broadly risk-off: Dow futures rise, while July’s goods-trade deficit widened to $118.8 billion, a modest growth concern.