XSD is trading 2.9% down today as investors extend the post-earnings selloff in large-cap technology and AI-related names.
- Macroeconomic headwinds, including higher-for-longer rate fears and surging oil prices, are pressuring the information technology sector.
- Newly announced broad U.S. tariffs on major trading partners are weighing on sentiment, offsetting positive news from TSMC’s large Arizona AI chip expansion pledge.