IVV is trading 1% lower as major U.S. indices sell off amid a broad risk-off move tied to escalating U.S.-Iran tensions and a sharp spike in oil prices.
- Investors are de-risking ahead of the FOMC minutes, with concerns that higher energy costs could reinforce a hawkish Fed stance.
- The broad market sell-off is placing significant pressure on richly valued AI and technology names.
- Geopolitical instability and rising energy costs continue to drive defensive positioning across the market.