🔴 Schwab U.S. Large-Cap Growth ETF is trading 1.5% down today as hot CPI data dampens rate cut hopes

Schwab U.S. Large-Cap Growth ETF is trading 1.5% down today as a hotter-than-expected May CPI report dampens hopes for imminent Fed rate cuts and pushes Treasury yields higher.

• The fund is under pressure due to its heavy concentration in information technology and megacap AI leaders, including NVIDIA, Apple, Microsoft, and Amazon.
• Investors are rotating away from long-duration, rate-sensitive growth names as the market reacts to renewed inflation and geopolitical concerns.