iShares Expanded Tech-Software Sector ETF is trading 1.9% down today as software and broader information technology names extend their recent pullback following a sharp reversal in tech shares.
- Futures are lower across major U.S. indices ahead of a key CPI release, fueling a broader risk-off tone across the market.
- Persistent fears of higher-for-longer interest rates are weighing on long-duration software valuations, dragging the sector lower.
- The decline follows a significant reversal in technology shares on June 9, 2026, as the broader IT sector remains under pressure.