XSD is trading 4.23% higher as a sharply weaker July payrolls report reduced immediate Federal Reserve rate-hike concerns, supporting high-growth technology valuations.
- Reuters reported Nasdaq futures up 0.54% before the open; stronger forecasts from Microchip Technology and Atlassian lifted semiconductor and software shares.
- Semiconductor, memory, and optical-communications stocks advanced broadly, reinforcing XSD’s technology-heavy exposure.
- Softer labor data and chip strength together explain the ETF’s outsized intraday gain.