🔴 State Street Technology Select Sector SPDR ETF is trading 1.6% down today ahead of CPI data and rate fears

State Street Technology Select Sector SPDR ETF is trading 1.6% lower in pre-market on June 10, 2026, as a broad risk-off tone pressures growth stocks ahead of key economic data.

• Investors are awaiting the 8:30 AM CPI and real earnings reports, with higher-for-longer interest rate fears weighing on Nasdaq and S&P 500 futures.
• Overnight weakness in Japan and Europe, combined with sharp reversals in AI-related names, is dragging down the mega-cap technology holdings that dominate the ETF.
• The decline extends a week of heightened tech-sector volatility as the market pivots away from high-valuation growth assets.