🔴 Spear Alpha ETF is trading 1.7% down today on higher yields and rising chip-cost concerns

Spear Alpha ETF is trading 1.7% lower as the information technology sector faces pressure from higher U.S. Treasury yields and rising semiconductor costs.

• The fund is being weighed down by a risk-off tone and slightly weaker Nasdaq futures, alongside a firmer U.S. dollar.
• Margin concerns are mounting for hardware- and AI-exposed tech names following news of rising memory costs and Apple's recent price hikes.
• Investors are closely monitoring the expanded Intel chip alliance, which highlights shifting industry dynamics for the fund's core portfolio holdings.