USD is trading 3.3% higher in pre-market trading, tracking gains in S&P 500 and Nasdaq futures as sentiment improves toward the information technology sector.
- The advance represents a macro-driven recovery following several sharp down days for the fund, supported by modest overnight gains in Asian and European markets.
- With information technology making up a significant share of the fund, the upside is tied to a rebound in growth and tech stocks after recent volatility.
- Investors remain focused on upcoming economic catalysts, including U.S. services PMI and jobs-related data, which are expected to influence broader market direction.