ARK Innovation ETF is trading 3.4% down today as higher-for-longer interest rate expectations and weak risk sentiment trigger a sharp selloff in disruptive-innovation stocks.
- The broader market is in risk-off mode, with the NASDAQ Composite down over 2% amid a sharp pullback in tech-heavy indices.
- Macroeconomic pressure is weighing disproportionately on high-duration assets and the innovation-focused names that dominate the fund's portfolio.