🔴 State Street SPDR S&P 500 ETF Trust is trading 0.9% down today on tech rotation after Broadcom selloff and jobs-data jitters

State Street SPDR S&P 500 ETF Trust is trading 0.9% down as investors rotate out of expensive technology and AI-linked stocks following a sharp post-earnings selloff in Broadcom, a key semiconductor bellwether.

• The move occurs amid uncertainty surrounding the latest U.S. Employment Situation report, prompting traders to reassess the timing of potential Federal Reserve rate cuts.
• Market participants are increasingly favoring cyclical and value sectors over growth, even as Treasury yields soften and oil prices ease.