SPTE is trading 2.9% up today as the technology sector recovers from last week's AI-driven selloff, supported by a shift in investor focus and improved global risk sentiment.
- Large-cap AI and semiconductor names are leading the gains as investors refocus on robust infrastructure demand and upcoming corporate earnings.
- Improved risk appetite following a reported U.S.–Iran ceasefire and higher U.S. equity futures are providing a tailwind for growth-oriented stocks.
- Market participants are awaiting JOLTS and consumer confidence data for further confirmation of a softer economic and policy backdrop.