🟢 Invesco NASDAQ 100 ETF is trading 1.5% up today as tech rebounds after Fed-driven selloff

Invesco NASDAQ 100 ETF is trading 1.5% up today as investors selectively buy back large-cap technology stocks following a sharp selloff triggered by the Federal Reserve's hawkish interest rate outlook.

• The Federal Reserve maintained interest rates at 3.50%-3.75% on June 17 but signaled a higher-for-longer stance, which initially pressured growth-oriented assets.
• Market sentiment has shifted to a risk-on tone as investors view the previous session's decline as an overreaction, lifting the Nasdaq and tech-linked ETFs.
• The rebound is being driven by selective buying in the information technology sector, which remains the primary exposure for the fund.