Vanguard Information Technology Index Fund ETF Shares is trading 5.5% down today as investors extend a post-jobs-report repricing toward a more hawkish Federal Reserve path, weighing heavily on long-duration technology valuations.

  • Higher-for-longer interest rate concerns and rising Treasury yields are driving a sector-wide selloff, causing the technology-heavy Nasdaq to underperform the broader market.
  • Technology shares have reversed early session gains as sentiment surrounding an AI-driven rebound fades amidst a broader risk-off environment.