🔴 Tech ETF (SPRX) is trading 1.9% down today on profit-taking after a Dell-led sector rally

Tech ETF (SPRX) is trading 1.9% lower at $53.81 in pre-market action as investors take profits and rebalance following a powerful sector rally.

• The move follows a -2.1% decline to $54.84 on May 29, a session marked by record U.S. indices and a nearly 40% surge in Dell shares.
• Information technology is currently trading on positioning and AI-server optimism ahead of Nvidia’s Computex keynote rather than new macroeconomic data.