State Street Technology Select Sector SPDR ETF is trading 1.6% down today as investors rotate out of high-beta technology stocks following back-to-back sessions of sharp volatility and AI-related disappointment.
- Sentiment is being pressured by lingering concerns over Apple’s recent AI and product updates, which have weighed on the broader tech complex and the Nasdaq.
- Market participants are adopting a cautious stance ahead of key U.S. inflation data and amid rising geopolitical tensions involving Iran.