🔴 SPTE is trading 13.5% down today on tech risk-off and profit-taking after AI-driven rally

SPTE is trading 13.5% down today as investors pull back from growth and AI-sensitive technology names following a strong recent rebound.

• Profit-taking in the information technology sector and higher-rate fears ahead of Manufacturing PMI data are pressuring global tech benchmarks.
• With over 50% exposure to information technology, the ETF is amplifying sector weakness following an after-hours selloff that halted a multi-day AI-driven rally.
• Softer Nasdaq futures are further weighing on the fund's performance as sentiment shifts away from high-growth tech names.