Invesco S&P 500 Momentum ETF is trading 2.4% down today as high-beta momentum and information technology names come under pressure following a sharp post-earnings sell-off in Broadcom and broader AI profit-taking.
- Tech-heavy benchmarks like the Nasdaq Composite are notably weaker as investors rotate away from large-cap growth and AI leaders into industrial and value shares.
- Momentum strategies tied to large-cap growth and semiconductor leaders are retracing recent gains, dragging the tech-overweight ETF lower.