🟢 Fidelity MSCI Information Technology Index ETF is trading 1.8% up today on tech recovery and PPI data positioning

Fidelity MSCI Information Technology Index ETF is trading 1.8% up today as growth and technology stocks rebound following several weak sessions.

• Nasdaq futures have gained more than 1% while S&P 500 futures rose 0.7%, signaling a broader recovery in the tech sector.
• Investors are positioning ahead of the key Producer Price Index (PPI) release, hoping for confirmation that inflation pressures are not accelerating further after a hot CPI print.
• The market is looking past previous AI-spending-related tech weakness and ongoing geopolitical tensions.