🟢 IPO is trading 3.8% up today on a tech-led rebound following strong Microsoft earnings and cooling PCE inflation

IPO is trading 3.8% up today as mid-cap growth and tech exposures rally alongside the broader market following cooler-than-expected inflation data.

• A strong Microsoft earnings beat and cooling PCE inflation have bolstered rate-cut hopes and risk appetite, driving the Nasdaq up over 2%.
• The move reverses Wednesday’s risk-off sentiment tied to geopolitical tensions and semiconductor weakness, lifting AI-linked names and the wider tech complex.
• The ETF's performance reflects a broad sector-wide recovery in growth stocks rather than fund-specific news.