SPRX is trading 2.1% down today as a global semiconductor-led selloff and risk-off sentiment in information technology extend a multi-day decline for the ETF.
- Weakness in chipmakers is being driven by intensifying Chinese competition, skepticism over AI returns, and heightened geopolitical tensions in the Middle East.
- Major tech indices and futures are also under pressure as investors remain cautious ahead of the Federal Reserve’s upcoming policy decision.