QQQI is trading 2% down today as its tech-heavy portfolio tracks a broad information technology pullback following Accenture's lowered revenue outlook.
- Accenture’s warning on weaker enterprise IT spending has pressured IT consulting, software, and cloud names, sparking sector-wide de-risking.
- With no major U.S. data or Fed decisions scheduled, traders are focusing on earnings signals and risk-off positioning in growth and tech.
- The decline follows through from Monday’s tech-led weakness as investors reassess enterprise spending expectations.