🔴 IVV is trading 0.99% down today amid a broad risk-off selloff ahead of PCE inflation data

IVV is trading at $740.36 (-0.99%) as U.S. equity futures face pressure ahead of Thursday’s PCE inflation report.

• The decline is driven by a global tech-led selloff, which is weighing heavily on the S&P 500’s significant exposure to large-cap technology and growth stocks.
• The move reflects broader market sentiment, with the S&P 500 down 0.98% and the Nasdaq falling 1.60%, indicating an index-wide retreat rather than fund-specific news.