Vanguard S&P 500 ETF is trading 1.1% down today as traders reduce risk ahead of the U.S. CPI and real earnings releases.

  • Equity weakness is concentrated in growth and technology sectors, with semiconductors and other rate-sensitive names under pressure.
  • Broader market sentiment remains fragile following a volatile June 9 session, as investors reprice Federal Reserve rate cut expectations in light of recent inflation data.