Fidelity MSCI Information Technology Index ETF is trading 1.5% down today as the information technology sector gives back part of its sharp recent rally ahead of the upcoming Fed decision.
- The ETF is seeing modest profit-taking following a significant 3.4% gain on June 15, 2026, which was driven by strong momentum in AI and semiconductor stocks.
- Growth-oriented tech stocks are facing pressure from a soft Nasdaq performance and investor caution as the market awaits the Federal Reserve's interest rate announcement.
- The broader market remains mixed, with sector-wide pullbacks occurring after significant recent gains in the technology space.