VUG is trading 1.6% down today as growth and tech stocks lag broader markets amid a rotation away from high-multiple names.
- The Nasdaq Composite is underperforming while the Dow industrials rise, signaling a shift out of growth sectors and into value stocks.
- Investors are focused on upcoming PCE inflation and GDP data, pressuring rate-sensitive information technology and communication services holdings.
- These sectors dominate the VUG portfolio, leaving the fund exposed to volatility in interest rate expectations.