SP Funds S&P Global Technology ETF is trading 12.2% up today as information technology shares recover from a steep selloff triggered by May 2026 jobs data and renewed Federal Reserve rate-hike fears.
- Nasdaq futures outperformance and a broader risk-on tone toward growth and AI-related names are fueling the recovery in the technology sector.
- Investors are selectively buying beaten-down semiconductor stocks and large-cap tech leaders despite a persistent hawkish interest rate backdrop.