FTEC is trading 1.5% up today as the information technology sector bounces back from several days of sharp declines tied to global semiconductor and AI-spending worries.
- The move reflects significant dip-buying activity ahead of key earnings reports, including Apple, as investors look for a sector-wide recovery.
- Sentiment was bolstered by a relief reaction after the Federal Reserve held interest rates steady, helping to offset earlier risk-off pressure from Middle East tensions and chip-sector competition concerns.