JEPQ is trading 1.5% lower as its information technology-heavy portfolio tracks a broad tech selloff and investor rotation out of high-growth AI names.
- Escalating U.S.–Iran tensions near the Strait of Hormuz are pressuring global risk assets and prompting a shift toward safer sectors.
- The Nasdaq Composite is down approximately 1.5%, leaving tech-related derivatives under pressure despite no major U.S. macro data releases.