SPDR NYSE Technology ETF Price & Performance (XNTK)

Bank of New York Mellon Corp has cut its stake in SPDR Portfolio TIPS ETF by 9.3% during the fourth quarter. The firm now holds 117,863 shares valued at $2.98 million. This reduction reflects broader market movements as other institutional investors adjust their positions in inflation-protected securities.1

The Nasdaq Composite has entered correction territory, erasing post-election gains amid trade tensions and inflation concerns. A weaker-than-expected February jobs report has further fueled fears of economic slowdown. Nonfarm payrolls rose by 151,000, falling short of expectations, while the unemployment rate increased to 4.1%.2

U.S. stock futures climbed on Monday following Friday's selloff. Major indices, including the Nasdaq 100 and S&P 500, showed gains in premarket trading. Analysts continue to monitor economic resilience and anticipate Nvidia's upcoming earnings, with market sentiment cautiously optimistic despite recent volatility.3