Growth ETF (QQQM) is trading 2% up today as information technology stocks outperform, driven by continued risk-on sentiment in growth equities and momentum from last week’s gains.
- Chipmakers and large-cap platform companies are leading the sector higher as investors position ahead of upcoming PCE and GDP data releases.
- Lower yields and steady macroeconomic conditions are providing support for higher-multiple technology names in a quiet session for U.S. economic data.
- The move reflects a broader rotation back into growth stocks as market participants maintain a bullish outlook on the tech sector.