Vanguard FTSE Developed Markets Index Fund ETF Shares is trading at $69.67 (-3.03%) as a broad global risk-off session and strong U.S. labor data pressure international equities.
- U.S. equities fell sharply, with the Nasdaq dropping over 3%, weighing on developed-market assets and cyclical growth sectors.
- Investors repriced interest rate expectations higher following May's stronger-than-expected jobs report, which lifted Treasury yields and weighed on foreign markets.
- Recent weakness in other risk assets, including technology and cryptocurrency, has further reinforced defensive positioning across global markets.