SPMO is trading 1.6% down today as its tech-heavy portfolio tracks a broader pullback in growth stocks amid rising Treasury yields.
- Information technology, which accounts for over half of the ETF, is under pressure from risk-off sentiment following weak Chinese economic data and escalating Middle East tensions.
- Semiconductor and AI-related names are seeing additional drag following Friday’s sharp sector selloff and fresh concerns over chip supply chains, including Samsung labor risks and TSMC stake moves.