🟢 Tech ETF (SPTE) is trading 1.6% up today after July PPI came in below forecasts

SPTE is trading 1.6% up today, primarily benefiting from a technology-led risk-on rally after July PPI was flat month over month, below the 0.2% consensus forecast, reinforcing expectations for steady Federal Reserve policy.

• The Nasdaq Composite is up 1.01%, while softer inflation and lower yields support growth-stock valuations.
• Renewed AI infrastructure momentum includes NVIDIA’s proposed $500 billion financing initiative, despite weakness in Cisco and Cerebras.