SCHG is trading 1.7% down today as its tech-heavy portfolio tracks a broad selloff in information technology and growth names.
- Strong U.S. housing data and hawkish Fed commentary have reignited interest rate fears, weighing on high-growth sectors.
- Renewed concerns regarding AI-related capital expenditures and semiconductor valuations are driving Nasdaq and tech futures lower.
- The broad decline in information technology and large-cap growth stocks is spilling over into the ETF's performance.