🔴 IUSG is trading 1.6% down today as Accenture's weak outlook triggers tech sector selloff

IUSG is trading 1.6% down today as a sharp sector-wide pullback in information technology pressures growth-oriented funds.

• IT consulting leader Accenture cut its full-year revenue outlook and trimmed guidance on enterprise IT spending, triggering broad weakness across IT and growth shares.
• With no major economic data releases scheduled, traders are focusing on sector rotation out of richly valued tech stocks, dragging down the NASDAQ and tech-heavy ETFs.
• The fund's significant allocation to the technology sector has left it particularly vulnerable to the current shift in market sentiment.