IGV is trading 1.7% down today as escalating Middle East tensions and risk-off sentiment drive a broader market decline.
- Geopolitical friction, including Iran's missile strikes on Israel and conflicting reports on military actions, has reversed yesterday's rally and pressured the S&P 500 and Nasdaq.
- Apple's WWDC 2026 AI announcement provided minor support but failed to offset the significant downward pressure on growth-oriented software stocks.