🔴 SP Funds S&P World ETF is trading 5.1% down today on global growth and tech selloff after strong U.S. jobs data

SP Funds S&P World ETF is trading 5.1% down today as investors rotate out of global growth and tech-linked names after stronger-than-expected U.S. jobs data reinforced a higher-for-longer rate view.

• Higher Treasury yields and a broad selloff in non-U.S. growth and semiconductor shares, including key holdings like Taiwan Semiconductor, are pressuring the fund.
• The decline tracks a steep drop in the Nasdaq and a wider shift toward risk-off sentiment in global markets.