Spear Alpha ETF is trading down 6.6% today as the information technology sector sells off following a sharp post-earnings drop in Broadcom, which is pressuring AI and semiconductor names.
- The decline in Broadcom is pulling the Nasdaq lower and weighing heavily on growth-oriented technology shares.
- Broader markets are under risk-off pressure after labor-market data fueled concerns regarding Federal Reserve policy.
- Investors are rotating out of high-valuation AI and semiconductor stocks as economic data prompts a shift in market sentiment.