PWB is trading 1.5% up today as the information technology sector rebounds, driven by falling oil prices easing inflation concerns and renewed optimism for AI infrastructure.
- Lower oil prices are supporting risk-on sentiment across growth equities by reducing fears of sustained high interest rates.
- The sector is recovering from last week’s AI capex selloff, bolstered by positive news surrounding the Samsung–Broadcom partnership and renewed enthusiasm for chipmakers.
- PWB is particularly sensitive to these moves as the ETF maintains over half of its total weight in the information technology sector.