SP Funds S&P Global Technology ETF is trading 2.9% up today as global information technology and AI-related stocks rally on improving macro conditions and strong risk appetite.
- Lower oil prices following a tentative U.S.–Iran peace deal are easing inflation and interest rate concerns, providing a significant boost to growth and technology sectors.
- Sustained enthusiasm for artificial intelligence and the recent blockbuster SpaceX IPO are driving significant capital flows into technology-focused ETFs.