iShares Expanded Tech-Software Sector ETF is trading 2.8% down today as software names give back gains from a sharp late-May rally tied to AI and data-center enthusiasm.
- Growth-oriented software stocks are seeing mild profit-taking, pressuring the broader tech sector as index futures trend lower.
- Market sentiment is cautious ahead of the 10:00 AM JOLTS labor report and rising oil prices, leading to a pullback in high-valuation tech names.