Invesco QQQ Trust is trading 2.2% down today as investors extend a multi-day rotation out of expensive tech and growth stocks.
- Fresh U.S. jobs data is reinforcing uncertainty around the Federal Reserve’s rate-cut path, hurting rate-sensitive Nasdaq names while the Dow holds up better.
- A sharp post-earnings drop in Broadcom and continued weakness in AI-chip and cybersecurity shares are dragging the broader tech complex lower, weighing heavily on the Nasdaq-100.