QTUM is trading at $165.07 (-2.09%) as the information technology sector faces pressure from a broader market sell-off and weakening risk appetite.
- The NASDAQ Composite fell 1.50%, contributing to a sector-wide tech slump that began on June 22 when stocks reversed early gains and dragged indexes lower.
- A key catalyst for the decline is Accentureβs weak outlook, which has reinforced concerns regarding enterprise spending across the technology landscape.