🔴 Schwab U.S. Large-Cap Growth ETF is trading 1.7% down today as hawkish Fed signals pressure growth stocks

Schwab U.S. Large-Cap Growth ETF is trading 1.7% down today as higher-duration growth stocks sell off following the Federal Reserve’s decision to hold rates and remove expectations for 2026 cuts.

• The tech-heavy Nasdaq and broader indices are sliding after Chair Warsh signaled that the next move could be a rate hike, pushing yields and discount rates higher.
• The hawkish shift is weighing on the large-cap tech and AI leaders that dominate the ETF's portfolio, which is nearly 50% weighted toward the information technology sector.