Invesco S&P 500 Momentum ETF is trading 5.2% down today as a stronger-than-expected U.S. jobs report fuels expectations for tighter Fed policy, lifting Treasury yields and hitting long-duration growth stocks.
- The fund's tech-heavy momentum portfolio is under heavy pressure as the information technology sector sells off.
- Semiconductors and high-beta software names are leading declines following Broadcom’s post-earnings drop and continued AI profit-taking.