🔴 SPMO is trading 1.7% down today on heavy IT exposure and global tech weakness

SPMO is trading at $147.50, down 1.7% from its July 15 close, primarily pressured by its heavy exposure to the information technology sector.

• Tech sentiment has turned fragile as investors weigh hawkish Fed signals regarding AI-driven inflation alongside rising geopolitical risks from the U.S.-Iran conflict.
• The move follows a sharp tech-led selloff in South Korea triggered by the Bank of Korea’s rate hike, with further uncertainty looming ahead of upcoming TSMC earnings.