IGV is trading 1.65% down as stronger August employment data raises expectations for elevated Federal Reserve rates.
- On September 8, 2026, higher yields are reducing the appeal of growth-oriented technology shares.
- Broader risk sentiment is weaker, with major U.S. indexes declining.
- Adobe’s recent 6.73% selloff after its CEO succession announcement is adding sector pressure, though the move appears primarily macro-driven rather than company-specific.