Schwab U.S. Large-Cap Growth ETF is trading 2% up today as investors rotate into growth and AI-related names following a U.S.–Iran peace agreement that eased energy and inflation concerns.
- The broad risk-on move is boosting rate-sensitive sectors, with the ETF benefiting from its significant exposure to information technology, which accounts for nearly half of the fund's weight.
- Strength in the IT sector, coupled with lower oil prices and stable Federal Reserve expectations, is driving the ETF higher alongside the NASDAQ and other major tech benchmarks.