FTEC is trading at $288.50, up +1.50%, as technology stocks lead a broad risk-on rebound and the Nasdaq Composite rises 1.42%.
- The 10-year Treasury yield has eased from recent highs, supporting interest-rate-sensitive growth shares.
- August ISM Services PMI exceeded expectations at 55.4 versus 54.1, reinforcing economic resilience.
- Stabilizing oil prices, reduced concern that Middle East military action will persist, and Broadcom’s strong AI results and guidance are improving semiconductor optimism; its report came after the prior session.