PWB is trading 1.9% down today as the information technology sector, which makes up over half of the ETF, faces selling pressure alongside a drop in Nasdaq futures.
- Rising concerns over trade-war and tariff escalation are weighing on growth and semiconductor names, reversing the tech strength seen earlier in July.
- Broader risk-off sentiment is driving investors to de-risk, causing tech-heavy ETFs to move lower in tandem with major indices.