SPTE is trading 2.7% up today as technology shares rebound from a sharp selloff driven by AI valuation concerns and geopolitical tensions in the Strait of Hormuz.
- The recovery is supported by firmer Nasdaq-100 futures and investor positioning ahead of the June US CPI release, which is prompting a reassessment of interest rate expectations.
- Market sentiment is stabilizing as investors recalibrate risk appetite across growth and information technology shares following the previous session's volatility.