IUSG is trading 1.6% higher as information technology, its largest sector weight, rebounds following cooling PCE inflation data and steady Federal Reserve policy.
- Strong cloud and AI earnings from Microsoft and Amazon are boosting growth sentiment, offsetting ongoing concerns regarding heavy AI capital expenditures and recent semiconductor volatility.
- Broader indexes are also advancing, with the Nasdaq and S&P 500 extending gains as investors rotate back into large-cap growth and tech names following prior sector weakness.