🔴 Software ETF (IGV) is trading 1.7% down today on profit-taking after Thursday’s sharp software rally

IGV is trading 1.7% down on August 28, 2026, after profit-taking following its 7.74% jump on August 27.

• The reversal appears driven by a mixed, slightly defensive market ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.
• Strong Nvidia results and Salesforce’s earnings beat, raised guidance, and Anthropic partnership remain supportive sector catalysts.
• Investors are locking in gains after the sharp software rally.