🔴 XLG is trading 2% down today on IT sector softness and global chip weakness

XLG is trading 2% lower in pre-market, reflecting broad information technology sector softness following overnight weakness in global chip and AI-related names.

• The decline is driven by a pullback in growth sentiment and downward pressure on NASDAQ futures.
• Information technology accounts for nearly half of XLG’s total weighting, making the ETF highly sensitive to tech-sector volatility.
• The fund is underperforming broader market indices, which remain relatively stable despite the tech-linked sell-off.