Vanguard Information Technology Index Fund ETF Shares is trading 1.5% down today as investors take profits following a sharp multi-day rally in large-cap technology and AI names.
- The pullback comes as the Nasdaq Composite trades modestly lower and growth stocks soften ahead of tomorrow’s Federal Reserve decision and press conference.
- Higher-rate uncertainty and cautious risk sentiment are currently pressuring long-duration tech valuations, offsetting continued enthusiasm around AI and recent Nvidia financing news.