IVV is trading 1.1% up today as investors respond positively to strong Microsoft earnings and cooling PCE inflation data.
- Technology stocks are leading a broad rally in large-cap U.S. equities, signaling renewed confidence in robust sector profits.
- Moderating inflation figures have bolstered market expectations that the Federal Reserve may have room to implement rate cuts.
- The index is maintaining gains despite downward pressure on Meta Platforms following its disappointing results and heavy AI-related spending.