FTXL is trading at $244.29 (+1.87%) as a weaker July retail-sales report and softer inflation reduced expectations for an imminent Federal Reserve rate hike, supporting growth stocks.
- Nasdaq futures are up approximately 0.3%-0.55%, while S&P 500 futures are also positive, supporting technology shares.
- The U.S. dollar and Treasury yields are lower overnight, improving conditions for long-duration technology valuations.
- NVIDIA is modestly higher pre-market, limiting concerns from its reduced OpenAI data-center guarantee.