WQTM is trading 2.3% down as information technology stocks face a broad risk-off move.
- The weakness is tied to softer Nasdaq sentiment and profit-taking in recent high-flying growth and AI-linked names following gains in the prior session.
- Key sector proxy XLK is down 2.7% in early trading, reflecting a move that appears largely sector-wide rather than driven by a single heavyweight holding.
- The selloff reflects cautious market positioning ahead of key Federal Reserve communications and upcoming macroeconomic data.