Spear Alpha ETF is trading 3.2% down in after-hours trading, extending a weak regular session as investors continue to sell high-beta technology and innovation names.
- The information technology sector is under pressure from a broader rotation out of growth ahead of key U.S. CPI data and lingering Fed hawkishness following strong jobs data.
- Heightened geopolitical tensions in the Middle East have further increased risk aversion toward volatile technology shares.