🟢 Fidelity MSCI Information Technology Index ETF is trading 1.64% up today as tech stocks rebound ahead of inflation data and Fed expectations

Fidelity MSCI Information Technology Index ETF is trading at $272.85 (+1.64%) as the technology sector stages a broad recovery following several weak sessions.

• Investors are repositioning around upcoming inflation data and Federal Reserve expectations, leading to a bounce in the Nasdaq and tech-heavy futures.
• The move follows a recent sector selloff tied to rising rate concerns, which had left many information technology stocks in oversold territory.
• The rally appears to be a broad-based sector recovery rather than a reaction to a single stock event, despite ongoing macro caution and Oracle’s recent AI-spending shock.