🔴 iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) is trading 3% down today as hawkish Fed expectations and rising bond yields pressure growth stocks

iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) is trading 3% down today as a broader selloff in U.S. tech shares accelerates following strong employment data.

• Strong May U.S. jobs data has fueled concerns over further Federal Reserve tightening, pushing bond yields higher and impacting long-duration growth stocks.
• Sentiment remains fragile following recent semiconductor weakness, exacerbated by Broadcom’s disappointing AI guidance.
• The ETF continues to track the sustained underperformance of the S&P 500 information technology sector amid the current macro shift.