🔴 SP Funds S&P 500 Sharia Industry Exclusions ETF is trading 3.27% down today as growth stocks sell off on stronger-than-expected jobs data and higher-for-longer rate fears

SP Funds S&P 500 Sharia Industry Exclusions ETF is trading at $55.12 (-3.27%) as growth and large-cap tech exposure are hit by a broader market reversal and stronger labor-market data.

• Stronger-than-expected jobs data has dampened hopes for near-term rate cuts, reviving concerns that monetary policy will remain restrictive for longer.
• The move reflects a wider risk-off sentiment across the Nasdaq and growth complex rather than ETF-specific news.
• Investors are rotating out of rate-sensitive assets and back into defensive sectors, causing the fund's recent rebound to fade.