🔴 iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) is trading 3.7% down today after a sharp U.S. tech selloff

iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) is trading 3.7% down today as U.S. large-cap tech stocks retreat sharply, reversing earlier gains in AI and tech shares amid geopolitical tensions and Fed-policy worries.

• Weak risk appetite and pressure on growth stocks ahead of key U.S. CPI data are weighing heavily on the broader technology complex.
• Market disappointment surrounding Apple’s recent AI and product announcements has further contributed to the downward pressure on this tech-focused ETF.