🔴 State Street SPDR S&P 500 ETF Trust is trading 0.3% down today on tech rotation and jobs-data jitters

State Street SPDR S&P 500 ETF Trust is trading 0.3% down today as traders rotate out of high-valuation technology and AI-linked names following a sharp post-earnings selloff in Broadcom.

• The decline in Broadcom shares has pressured the broader semiconductor complex and the tech-heavy Nasdaq, keeping the S&P 500 under pressure in pre-market trading.
• Investors remain cautious ahead of the June 5 Employment Situation report, fearing a strong jobs print could lift Treasury yields and further weigh on growth-oriented sectors.