Defiance Quantum ETF is trading 2.3% up today as technology and semiconductor stocks stabilize following last week's sharp selloff triggered by a stronger-than-expected May jobs report.
- Rate jitters are easing on a quiet data day, allowing beaten-up growth and quantum computing holdings to bounce from oversold levels.
- The Nasdaq and broader tech benchmarks are opening higher as key AI and semiconductor names find support after recent volatility.
- The recovery comes as the market absorbs the impact of the May jobs report and resulting shifts in Federal Reserve interest rate expectations.