🔴 Large Blend ETF (SPMO) is trading 2% down in pre-market amid tech-led selloff

SPMO is trading at $145.37, down -1.98%, amid a broader technology-led selloff.

• Nasdaq futures are down sharply; information technology bears the brunt as oil rises above $100 and the 10-year Treasury yield approaches 5%.
• Higher inflation and rate concerns weigh on growth-oriented technology holdings; weak Asian equities, Middle East shipping risks, and caution ahead of the Federal Reserve’s decision reinforce the pre-market decline.
• The move appears primarily macro-driven, rather than caused by AMD’s Taalas acquisition or a single dominant holding.