iShares Expanded Tech-Software Sector ETF is trading 1.6% down today as software and broader information technology stocks pause following a strong peace-deal and AI-driven rally earlier in the week.
- The ETF is retracing a portion of its June 15 gains, which were previously bolstered by lower energy prices, easing inflation fears, and Nvidia’s record-breaking bond sale.
- Analysts characterize the current move as normal profit-taking and sector rotation rather than a response to a fresh macroeconomic catalyst, as major indices remain relatively flat.