SOXQ is trading at $99.60 (+1.53%) after July PPI remained flat versus expectations for a 0.2% increase, reinforcing hopes that the Federal Reserve can avoid tighter policy and supporting growth-sensitive technology shares.
- Semiconductor stocks led the August 13 rally, while the S&P 500 information technology index gained 1%.
- Overnight futures were modestly positive, with Nasdaq futures up 0.15%.
- Retail Sales and Consumer Sentiment on August 14 remain key near-term catalysts.