Invesco NASDAQ 100 ETF is trading 2.1% down today as information technology and other growth sectors underperform amid a broad risk-off move in U.S. equities.
- The tech-heavy Nasdaq and semiconductor names are extending a post-Broadcom earnings selloff, dragging large-cap growth lower.
- A weaker market reaction to the latest labor data is raising concerns about the Federal Reserve's path for interest rate cuts.