PWB is trading 1.5% up today at $162.36, moving in line with a strong rebound in large-cap tech as the Nasdaq gains more than 1%.
- Market sentiment improved following a U.S.–Iran ceasefire, easing the geopolitical tensions that contributed to last week's volatility.
- Investors are rotating back into growth and AI-related technology stocks after recent valuation-driven pullbacks.
- The fund, which is heavily weighted toward information technology, is benefiting from the broader sector lift as the Nasdaq trades higher.