🔴 Growth ETF (SPYG) is trading 1.94% down in pre-market amid Cisco-led technology selling

SPYG is trading at $121.00, down 1.94% from the August 13 close, as Cisco-related selling weighs on technology.

• Cisco fell about 8.4%, while Applied Materials dropped 5.29% pre-market; gains in Micron, Intel, and NVIDIA partly offset pressure.
• Despite mildly positive Nasdaq futures, cooling July PPI and softer inflation expectations support growth stocks, but upcoming retail-sales and consumer-sentiment data limit conviction.
• The decline appears more sector-specific than broad-market driven, with uneven leadership and elevated AI-trade expectations weighing on SPYG’s information-technology-heavy portfolio.