🟢 Global X NASDAQ 100 Covered Call ETF is trading 1.6% up today as tech stocks rebound from Fed-driven selloff

Global X NASDAQ 100 Covered Call ETF is trading 1.6% up today as the Nasdaq-100 and broader information technology names rebound from yesterday’s Fed-driven selloff.

• The Nasdaq Composite is trending higher and risk appetite is stabilizing following the Federal Reserve's recent rate-hold announcement.
• The ETF is tracking a relief rally in the information technology sector as investors reassess the impact of higher-for-longer rates on growth stocks.
• Given its heavy exposure to tech and communication services, the fund is benefiting from the broader market recovery following the previous session's decline.