MTUM is trading 1.7% up today as the momentum-focused ETF rebounds alongside a broad recovery in the information technology sector and positive index futures.
- Sentiment is bolstered by a sharp post-earnings rally in Microsoft and anticipation of upcoming results from Apple and Amazon, helping to offset recent AI-spending and semiconductor concerns.
- Stronger Nasdaq futures are lifting MTUM's heavily tech-weighted portfolio after several days of momentum-led selling pressure.