FTEC is trading 3% down today as information technology shares sell off following Accenture’s weaker outlook and reduced full-year forecast, which is stoking worries about softer enterprise IT spending and consulting demand.
- The ETF is moving in line with a broader NASDAQ-led risk-off move that is hitting high-valuation technology names hardest.
- With no major U.S. data releases scheduled, traders are focusing on sector rotation out of growth and tech assets.