🔴 Growth ETF (XOVR) is trading 2.5% down in after-hours trading after Lululemon lowered guidance

XOVR is trading at $20.52 (-2.51%) after Lululemon lowered guidance.

• Lululemon declined 19%, adding pressure to growth and consumer-sensitive holdings.
• A stronger-than-expected August jobs report increased expectations for a September Federal Reserve rate hike, weighing on technology and other long-duration growth stocks as yields rose.
• Broader risk-off trading reinforced the decline, with the S&P 500 down 0.43% and Nasdaq Composite down 0.65%.