State Street Technology Select Sector SPDR ETF is trading 2.4% up today as the technology sector recovers from last week's sharp, rate-driven selloff, supported by stabilizing yields and renewed interest in growth and AI-related stocks.

  • Calmer Treasury yields are providing a supportive macro backdrop for technology equities after Friday's spike, even as overall interest rate expectations remain elevated.
  • Renewed enthusiasm for AI semiconductors is driving early gains, specifically fueled by optimism around Marvell’s S&P 500 inclusion and continued data-center spending from Nvidia.
  • Investors are selectively buying beaten-down growth names, allowing the sector to lead the market bounce on June 8.