iShares MSCI ACWI ETF is trading 3% down today after a much-stronger-than-expected U.S. Employment Situation report signaled the Federal Reserve may keep rates higher for longer or implement further hikes later in 2026.
- Heavy declines in growth and technology shares, which carry significant weight in the MSCI ACWI index, are dragging the fund lower as the Nasdaq drops nearly 4%.
- The June 5, 2026, jobs data has triggered a broad global equity selloff as investors rotate away from rate-sensitive risk assets.