Invesco S&P 500 Momentum ETF is trading 1.8% down today as its tech-heavy momentum portfolio tracks a sharp selloff in the information technology sector.
- Broadcom’s post-earnings plunge and broader AI profit-taking have hit semiconductor and high-beta software names, dragging Nasdaq futures lower ahead of the market open.
- Rising interest rate fears and global risk aversion are accelerating a rotation out of expensive momentum stocks as investors await a key U.S. jobs report.