QQQM is trading 1.6% higher as the information technology sector rebounds amid falling oil prices and easing geopolitical tensions.
- Investors are rotating back into growth and AI-related tech stocks ahead of key earnings reports and the upcoming FOMC meeting.
- A rally in Nasdaq futures and broader indices is lifting the large-cap tech and communication names that dominate the QQQM portfolio.
- Reduced odds of further Fed rate hikes are boosting overall risk appetite and driving a shift back into growth-oriented assets.