ARKQ is trading 3.2% down today as a renewed selloff in U.S. technology and semiconductor shares drags down growth-focused ETFs.
- Weak sentiment surrounding AI-related capital spending and new Chinese competition in the chip sector is weighing heavily on the fund's industrials and information technology allocations.
- Investors are exercising caution ahead of the upcoming two-day FOMC meeting, reversing the previous risk-on momentum generated by falling oil prices and easing Middle East tensions.