🟢 Software ETF (IGV) is trading 1.9% up today after July inflation eased Fed hike concerns

IGV is trading 1.9% up today as July inflation met expectations, easing near-term Fed rate-hike concerns and supporting growth-stock valuations.

• Strong AI infrastructure results from CoreWeave and Super Micro Computer reinforced technology demand expectations.
• NVIDIA’s planned $500 billion financing initiative added confidence in long-term AI spending.
• The broader market is higher, with the Nasdaq up 0.86% and S&P 500 up 0.59%.