🟢 FTEC is trading 2.27% up today as investors buy the dip ahead of megacap earnings and Fed decision

FTEC is trading 2.27% higher in after-hours trading as the information technology sector rebounds from a two-session slump triggered by a global semiconductor selloff.

• The recovery is driven by dip-buying ahead of critical earnings reports from Microsoft, Meta, and Qualcomm, alongside expectations for the Federal Reserve's upcoming rate decision.
• The ETF previously faced pressure from concerns regarding heavy AI-related capital spending and emerging Chinese competition in advanced chipmaking tools.
• This move higher follows a period where tech stocks underperformed despite relative strength in the Dow Jones Industrial Average.