🔴 XLC is trading 1.5% down today amid AI financing concerns weighing on tech shares

XLC is trading at $110.75, down 1.50%, alongside weakness in communication services and technology shares.

• A Friday market report listed XLC down 0.6%, with AI and semiconductor shares under pressure.
• Reuters reported that AI financing and debt concerns weighed on technology shares; Alphabet and Meta were also down about 1%, pressuring communication services.
• The Televisa-led $2 billion agreement to buy AT&T’s Mexico wireless business is major sector news, but available coverage does not link it to XLC’s decline.