🔴 IGV is trading 4.14% down today as Middle East tensions and software misses weigh on the sector

IGV is trading down 4.14% at $85.07 as geopolitical instability in the Middle East impacts enterprise software spending and sector sentiment.

• After-hours weakness in IBM (-7%) and ServiceNow (-13%) is dragging the sector lower following reports of delayed deals linked to Iran ship seizures.
• The escalating Strait of Hormuz standoff and oil prices surging above $102 are adding significant risk to global supply chains and corporate tech budgets.
• Broader indices are also under pressure, with the S&P 500 down 0.17% and the NASDAQ down 0.35% amid a lack of major economic data.