SPTE is trading 2% up today as cooling inflation data and a rebound in the technology sector boost investor sentiment.
- The June CPI report indicated a significant slowdown in inflation, easing interest rate concerns and providing a tailwind for growth-oriented stocks.
- Global technology names are recovering from recent volatility caused by geopolitical tensions in the Middle East and concerns over AI valuations.
- Improving sentiment toward the information technology sector is lifting the major holdings within the SPTE portfolio.