XLG is trading 1.8% lower in pre-market as its heavy information technology weighting amplifies a broader tech selloff.
- Nasdaq-100 futures are down approximately 2.6%, signaling continued pressure on growth and mega-cap technology names.
- Weakness in major chip and AI-related stocks such as Nvidia and Micron is dragging the sector lower, following global tech declines in Asia and Europe.
- The information technology sector's heavy weighting in the fund is driving the decline ahead of the June 23, 2026, market open.