First Trust Dow Jones Internet Index Fund is trading 1.6% down today as higher-for-longer rate fears and a risk-off mood hit growth and internet stocks after a much-stronger-than-expected U.S. jobs report.

  • The Nasdaq is down sharply as investors rotate out of high-valuation tech following recent semiconductor weakness and Broadcom-led profit-taking.
  • Information-technology and internet names are broadly selling off, pulling the fund lower in line with the sector and wider growth complex.