Vanguard S&P 500 ETF is trading 1% up today as broad risk appetite returns to the market, rebounding from a Fed-induced selloff that hit growth and tech stocks in the previous session.
- Investors are rebalancing portfolios after digesting the June 17 Federal Reserve decision, with S&P 500 and Nasdaq futures indicating a positive shift in sentiment despite a hawkish policy tone.
- Market focus is shifting toward incoming economic data, such as jobless claims and the Philadelphia Fed survey, which now carry increased weight following the removal of formal forward guidance.
- The recovery suggests a stabilization in the tech and growth sectors as the market adjusts to the central bank's updated outlook.