🔴 SPRX is trading 4.1% down today as index futures fall and traders de-risk ahead of PCE data

SPRX is trading 4.1% down today as information technology shares track a broader risk-off move in pre-market trading.

• Index futures are under pressure, with E-mini S&P 500 and Nasdaq futures both falling, weighing heavily on growth and AI-exposed tech names.
• Traders are de-risking ahead of Thursday’s PCE inflation report and reassessing higher-for-longer rate expectations, which is pressuring the rate-sensitive tech sector.