🔴 State Street SPDR S&P Kensho Final Frontiers ETF is trading 4.8% down today as investors rotate out of cyclical and space names following jobs data

State Street SPDR S&P Kensho Final Frontiers ETF is trading 4.8% lower today as investors rotate out of cyclical, higher-beta industrials and space/aerospace names following the U.S. Employment Situation report.

• Broader U.S. equities are under significant risk-off pressure, with the S&P 500 and Nasdaq both down over 1%.
• Traders are reassessing Federal Reserve rate-cut odds and trimming exposure to economically sensitive sectors in response to the latest labor market data.