PWB is trading at $154.46 (+1.66%) as Nasdaq Composite gains and growth-stock demand lift the ETF.
- Elevated Treasury yields and expectations for a 25-basis-point Fed hike remain a counterweight.
- Intel rose on reports of exploratory SK Hynix talks to manufacture memory chips in the United States; no agreement has been finalized.
- Stronger August retail sales are reinforcing risk appetite ahead of the 2:00 PM FOMC statement.