iShares Tech-Software ETF Drops Seven Sessions to April 2025 Tariff Shock Low
The iShares Expanded Tech-Software Sector ETF (IGV) fell for a seventh consecutive session, retreating to price levels last seen during April 2025’s tariff shock. This decline coincided with a 1.51% drop in the Nasdaq Composite as investors rotated out of long-duration growth and into energy and materials.
1. IGV Records Seventh Consecutive Session of Declines
The iShares Expanded Tech-Software Sector ETF (IGV) extended its losing streak to seven sessions on Wednesday, marking its longest continuous slide since the April 2025 tariff shock. Over this period, IGV has retraced approximately 8% from recent highs, underperforming both the broader technology-focused Nasdaq Composite and the S&P 500 Information Technology sector. This sustained weakness reflects investor caution toward long-duration software names as profit-taking intensified following several quarters of robust gains in SaaS and cloud software offerings.
2. Technical Levels and Sentiment Signals Weighing on IGV
Technically, IGV has fallen back to its early-2025 consolidation zone, a price area that previously acted as strong support but is now being tested as resistance in intraday trading. Trading volume has risen above its 30-day average on five of the past seven sessions, signaling heightened selling pressure. Concurrently, the CNN Business Fear & Greed Index remains in the “Fear” zone, with a reading of 40.7, indicating that market participants are rotating out of growth-oriented software names and reallocating capital toward energy and materials sectors. Analyst surveys point to a net tilt toward defensive positioning, which may prolong IGV’s downward trajectory until broader sentiment stabilizes.