SCHG is trading 1.5% higher at $33.74 as investors buy the dip in large-cap growth and information technology stocks following recent AI and semiconductor-driven selling.
- Cooling inflation via softer PCE data and the Federal Reserve holding interest rates steady are providing a tailwind for the broader growth complex.
- Powerful earnings-led gains from major tech leaders like Microsoft are lifting sentiment, helping to offset ongoing weakness in Meta and Asian chipmakers.