🔴 XLG is trading 1.6% down today on tech and chip sector weakness following TSMC capex plans and hawkish Fed signals

XLG is trading 1.6% down today as heavy pressure hits the information technology sleeve, which accounts for nearly half of the fund’s exposure and is dominated by mega-cap AI and semiconductor names.

• Global tech and chipmakers sold off overnight following TSMC’s massive capex plans, hawkish Fed rate signals, and escalating Middle East tensions.
• The downturn has driven Nasdaq futures sharply lower, spreading risk-off sentiment across U.S. growth stocks.