🔴 Large Blend ETF (MTUM) is trading 1.5% down on August 28, 2026 after hawkish Fed remarks

MTUM is trading at $299.62 (-1.52%) as its 47.7% information-technology exposure reverses part of the prior session’s AI rally.

• Marvell Technology weakness is weighing on chip stocks after investors criticized its AI-revenue outlook despite stronger results.
• Federal Reserve Chair Kevin Warsh’s hawkish Jackson Hole comments, including concern that inflation remains elevated, are lifting rate uncertainty and pressuring growth-stock valuations.