🔴 SPMO is trading 1.51% down today on semiconductor selloff and geopolitical tensions

SPMO is trading at $138.81 (-1.51%) as broad information technology weakness and geopolitical concerns weigh on the fund.

• Semiconductor shares are under pressure following a global chip selloff driven by China competition concerns and fading enthusiasm regarding AI spending returns.
• The fund, which is 53.5% weighted in information technology, is also tracking a broader market decline as Middle East tensions drive oil prices higher.
• Increased inflation and interest rate uncertainty ahead of the upcoming Fed decision are further contributing to the cautious market tone.