Global X Robotics & Artificial Intelligence ETF is trading at $38.05 (-5.05%) as strong U.S. labor market data triggers a hawkish repricing of interest rate expectations.
- The June 5 U.S. jobs report showed 172,000 payroll gains, significantly exceeding the 85,000 expected, which has pushed expectations for near-term rate cuts lower.
- The move is pressuring growth and AI-related funds broadly, with a sharp decline in the Nasdaq confirming a sector-wide risk-off move rather than fund-specific news.