Schwab International Equity ETF is trading 3% down today following a broad global equity pullback tied to interest-rate worries and risk-off positioning.
- A stronger-than-expected U.S. jobs report has reinforced expectations that the Federal Reserve will keep policy restrictive for longer, pushing yields higher and pressuring equities.
- The decline is particularly impacting growth- and cyclically-oriented sectors, which make up a significant portion of the fund's foreign large blend exposure.
- The downward movement reflects a wider shift in sentiment as investors adjust to the prospect of prolonged high borrowing costs across international markets.