FTEC is trading 1.5% up today as the Information Technology sector rebounds alongside the Nasdaq Composite and S&P 500, recovering from last week’s tech-led selloff.
- Improved geopolitical sentiment following a U.S.–Iran ceasefire has renewed risk appetite for large-cap technology and AI-focused assets.
- The recovery reverses recent weakness tied to investor concerns over elevated memory chip costs and high AI valuations.