Vanguard S&P 500 Growth Index Fund ETF Shares is trading 1.7% down today as its tech-heavy growth holdings track a broad selloff in information technology and other rate-sensitive sectors.
- Higher inflation in the latest CPI release is reinforcing expectations that the Fed will keep policy tighter for longer, pressuring long-duration growth valuations.
- Semiconductor and AI-related names are leading the decline, with Nvidia down over 2% as a risk-off tone drives market volatility, with the VIX climbing near 21.