GARY is trading at $24.47 (-1.93%) as a sharp selloff in semiconductor stocks and broader macroeconomic uncertainty weigh on the tech-heavy fund.
- The decline is driven by weakness in information technology, the ETF's largest sector weight at 47.2%, as investors weigh Chinese competition and the returns on AI infrastructure spending.
- Broader markets have shifted to a risk-off stance ahead of the FOMC statement and amid renewed Middle East tensions, pressuring growth and tech names across the board.