🟢 State Street SPDR S&P Semiconductor ETF is trading 2.4% up today as semiconductors rebound from a sharp selloff tied to rate and geopolitical fears

State Street SPDR S&P Semiconductor ETF is trading 2.4% up today as the sector rebounds from a sharp selloff driven by higher-rate fears and geopolitical tensions that hit growth and chip names hard.

• Renewed dip-buying is lifting the broader U.S. tech complex and the Nasdaq following a significant 11% plunge in the ETF on June 5.
• The recovery reflects a sector-wide bounce-back in information technology after an overshoot to the downside, as investors refocus on long-term AI and semiconductor demand.
• Easing Middle East tensions have further supported the move, highlighting a regional decoupling from recent semiconductor shocks seen in Asian markets.