🔴 State Street Technology Select Sector SPDR ETF is trading 5.1% down today on hawkish Fed repricing and semiconductor selloff

State Street Technology Select Sector SPDR ETF is trading 5.1% down today as investors dump high-valuation technology and AI leaders amid a jump in Fed hike expectations following a much-stronger-than-expected U.S. jobs report.

• A steep, post-earnings decline in Broadcom and broader semiconductor weakness are amplifying the downward move.
• The hawkish repricing is pressuring tech-heavy benchmarks like the Nasdaq notably more than the Dow, weighing heavily on this sector-specific ETF.