🔴 SP Funds S&P Global Technology ETF is trading 1.6% down today on Broadcom's weak AI outlook and payrolls caution

SP Funds S&P Global Technology ETF is trading at $48.90 (-1.6%) as technology stocks face pressure from a sector-wide selloff and investor caution ahead of key economic data.

• NASDAQ futures fall 0.96% as investors stay cautious ahead of the 08:30 ET payrolls report, while the sector remains weighed down by Broadcom’s weaker AI revenue outlook.
• The negative sentiment has spilled over from semiconductors into broader growth stocks, with crypto also trading lower as investors rotate toward cyclicals and value.