SP Funds S&P Global Technology ETF is trading 2% up today as global information technology shares broadly recover from a sharp AI- and rate-driven selloff in the previous session.
- Traders are rotating back into growth and AI-linked names as risk sentiment improves, tracking gains in the Nasdaq despite persistent geopolitical tensions and inflation concerns.
- Market participants are awaiting closely watched U.S. producer price data while continuing to reassess aggressive AI infrastructure spending plans.