ARK Autonomous Technology & Robotics ETF is trading sharply lower at $125.03 (-5.05%) as its growth- and tech-heavy holdings sell off alongside the broader market.
- The decline is driven by a renewed risk-off move in technology and AI-related stocks following strong labor data and a reversal of the morning tech rally.
- Higher-for-longer Fed rate expectations are pressuring long-duration, innovation-focused assets, causing the fund to materially underperform its recent rebound from the June 5 drop.