🔴 IPO is trading 2.5% down today following broad tech weakness and Accenture's lowered forecast

IPO is trading at $57.48 (-2.48%) amid a broad sell-off in information technology stocks and a disappointing outlook from Accenture.

• Accenture’s decision to cut its forecast due to weak spending has sparked a sell-off across IT names, dragging down both the NASDAQ and S&P 500.
• The ETF is facing additional pressure from a risk-off move in growth stocks as traders await the upcoming PCE inflation report for clues on future interest rate expectations.