iShares Expanded Tech-Software Sector ETF is trading at $90.22 (-1.60%) as the broader technology sector faces a selloff driven by weaker Nasdaq futures and pressure on major indices.

  • Oracle’s strong quarterly results highlighted heavy AI infrastructure spending, which has sparked a rotation out of software names and into other areas of tech.
  • The sector has experienced sustained selling for several sessions, with the ETF continuing to break lower following a recent topping pattern.
  • The move appears to be primarily sector-driven, as no specific earnings reports from within the fund's holdings explain the after-hours decline.