State Street SPDR S&P Kensho Final Frontiers ETF is trading 3% down as investors rotate out of economically sensitive industrial names ahead of key U.S. Services PMI data at 10:00 AM.

  • The upcoming macro data is fueling concerns of softer growth in cyclicals, leading to broad-based selling across industrial-heavy ETFs.
  • A risk-off market tilt, characterized by mixed equity futures, a weaker Dow, and dollar strength, is further weighing on the sector's performance.