🔴 Tech ETF (FTXL) is trading 1.88% down in pre-market as higher oil prices pressure risk appetite

FTXL is trading at $228.38 (-1.88%) as higher oil prices and escalating Middle East tensions pressure global risk appetite.

• S&P 500, Nasdaq, and Dow futures are lower; Nasdaq futures are down 0.47%.
• Stronger-than-expected jobs data has increased expectations for a September Fed rate hike.
• Semiconductor and AI shares remain relatively resilient, while broader macro pressure weighs on technology ETFs.