Schwab U.S. Large-Cap Growth ETF is trading 1.6% down today as stronger-than-expected U.S. jobs data reinforces expectations for higher-for-longer interest rates, pressuring long-duration growth stocks.
- Ongoing profit-taking in AI and semiconductor leaders following Broadcom’s earnings is keeping the information technology sector under broad selling pressure.
- A weak Nasdaq and softening risk sentiment are driving broad-based declines across large-cap growth and technology names.
- The robust labor market report has shifted investor focus toward the impact of sustained high interest rates on high-valuation growth equities.