Fidelity MSCI Information Technology Index ETF is trading 2.7% up today as investors rotate into growth and AI-sensitive tech stocks amid easing inflation and geopolitical tensions.
- Lower oil prices following a U.S.–Iran peace deal and supportive rate expectations ahead of the first Warsh-led FOMC meeting are providing a tailwind for rate-sensitive sectors.
- Continued enthusiasm surrounding artificial intelligence and positive sentiment from recent SpaceX developments are lifting the broader technology complex and FTEC.