IGV is trading 1.5% down after a strong software-sector rebound, including its 5.04% gain on September 14.
- The September 16 Federal Reserve rate hike has kept pressure on long-duration growth stocks, while major U.S. indices remain broadly flat.
- Investors appear to be rotating or taking profits rather than reacting to a broad market selloff.
- Zscaler’s upcoming earnings report is supporting interest in cybersecurity but has not offset weakness across the wider software group.