🔴 Vanguard Information Technology Index Fund ETF Shares is trading 2.1% down today as hawkish Fed expectations pressure tech valuations

Vanguard Information Technology Index Fund ETF Shares is trading 2.1% down today as investors reprice U.S. interest-rate expectations after May’s strong jobs report signaled a more hawkish Federal Reserve path.

• Elevated borrowing costs continue to pressure long-duration technology valuations, leading the tech-heavy Nasdaq Composite to underperform other major indices.
• Large-cap information technology names are facing headwinds from profit-taking following Monday's rebound and an ongoing investor rotation into cyclical and value sectors.