XLG is trading at $62.80, -1.55%, as information technology comes under pressure over questions about the returns and cost of heavy AI infrastructure spending.
- Lam Research’s cautious profit outlook added pressure to chip-equipment shares.
- Rising oil prices amid Middle East supply and shipping concerns are stoking inflation fears and weighing on risk appetite.
- The selloff is led by technology: the Nasdaq is down 1.93%, versus 0.40% for the Dow.