SP Funds S&P Global Technology ETF is trading at $48.00 (+1.67%) as the information technology sector extends its rebound following a sharp selloff in the previous week.
- The move aligns with a broader risk-on sentiment and strong Nasdaq futures, driven by investor rotation back into growth stocks amid easing geopolitical concerns and shifting Federal Reserve expectations.
- The gains appear sector-driven rather than tied to specific company earnings, with the fund's heavy concentration in tech and chipmakers benefiting from the session's wide-reaching recovery.