Vanguard Information Technology Index Fund ETF Shares is trading 1.9% up today as investors buy back beaten-down tech after the June 17 Federal Reserve–driven selloff pushed growth stocks lower.
- The move appears primarily macro-driven, reflecting improved risk sentiment as Nasdaq futures rise 1.4% alongside higher S&P 500 futures.
- Traders are positioning ahead of U.S. jobless claims and Philadelphia Fed data, which could further influence interest rate expectations and tech valuations.