SPMO is trading 1.5% higher as information technology shares, which make up 54.2% of the ETF, stabilize following Monday’s risk-off tech selloff.
- Investors are reassessing the sharp rotation out of high-growth and semiconductor names previously driven by Middle East tensions and valuation concerns.
- Market participants are awaiting key U.S. CPI and real earnings data, which could significantly influence interest rate expectations and tech sector valuations.