GARY is trading at $25.40 (-1.99%) as broad technology sector weakness and a rotation out of growth stocks weigh on the ETF.
- Information technology weakness remains the primary driver; with the fund nearly 50% weighted to the sector, broader sentiment is currently outweighing company-specific factors.
- Investors are repositioning ahead of Micron Technologyβs after-close earnings, which will serve as a critical indicator for the AI and semiconductor industries.
- The price action tracks a broader rotation out of growth stocks, as the NASDAQ-100 has shown significant weakness while the Dow has remained more resilient.