IGV is trading 2% down today as renewed U.S.-Iran conflict triggers a shift away from high-valuation growth stocks.
- The ETF is underperforming the broader market, with the S&P 500 and Nasdaq Composite posting modest gains despite the sector-specific pressure.
- Increased risk aversion is driving profit-taking in software and semiconductor holdings, outweighing long-term positive catalysts like Apple’s $30 billion Broadcom chip deal.