Software Stocks Plummet, Bitcoin Erases Post-Trump Election Rally: What's Moving Markets Wednesday? - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC), iShares Expanded Tech-Software Sector ETF (BATS:IGV
The software-led tech selloff extended into Wednesday, with the iShares Expanded Tech-Software Sector ETF (NYSE:IGV) falling for a seventh straight session and sliding back to levels last seen during the April 2025 tariff shock.The weakness spilled across the broader tech complex. The Nasdaq 100 fell 2.2%, after Tuesday's 1.7% decline, as investors continued to rotate aggressively out of long-duration growth and into energy and materials.That rotation has been unusually violent. Crypto markets echoed the te ...