XLG is trading at $61.09 (-2.29%) as Broadcom weighs on semiconductors after its $34.8 billion fourth-quarter revenue forecast fell below consensus, despite strong results.
- Technology sentiment is also sensitive to elevated Treasury yields and Middle East tensions.
- Trade-balance, jobless-claims, and services PMI data are upcoming.
- The broader market is relatively stable, with Nasdaq futures modestly higher, suggesting XLG’s decline is concentrated in large-cap technology rather than a broad market selloff.