SP Funds S&P Global Technology ETF is trading 1.9% higher in after-hours following a choppy week for information technology, with sentiment improving as the broader market and Nasdaq finished the June 12 session in positive territory.
- Tech sentiment was bolstered by a strong market debut for SpaceX and easing geopolitical fears around Iran, supporting a rebound in growth and AI-oriented technology names.
- The recovery follows earlier pressure from Adobe and lingering market concerns regarding Oracle’s recent AI-spending shock.