FTXL is trading at $228.35, with a -6.35% change as surging Treasury yields pressure long-duration technology valuations.
- The 30-year Treasury yield reached 5.32%; U.S.-Iran tensions lifted oil prices and reinforced inflation and risk-off concerns.
- NVIDIA, memory stocks, and other AI-linked semiconductors declined, weighing on information technology.
- The Nasdaq Composite fell 1.39%, confirming broader technology-led market weakness.