🔴 Software ETF (IGV) is trading 1.8% down today as oil prices and yields revive inflation fears

IGV is trading 1.8% down today as higher oil prices and Treasury yields revive inflation fears.

• Rate-sensitive growth stocks are under pressure as expectations for Federal Reserve rate cuts decline.
• On September 2, 2026, the S&P 500 and Dow Jones are trading slightly higher.
• Palo Alto Networks reported strong fiscal fourth-quarter results with no clear negative earnings surprise; the move is best attributed to sector-wide risk aversion and elevated valuations.