🟢 Invesco PHLX Semiconductor ETF is trading 2.88% up today after a broad technology-sector rebound and U.S.-China trade tension headlines

Invesco PHLX Semiconductor ETF is trading at $98.85 (+2.88%) as the semiconductor sector bounces back from a prior session selloff, supported by a firmer risk tone in the broader technology market.

• The recovery follows recent pressure on the sector stemming from persistent inflation worries and expectations of higher-for-longer interest rates from the Federal Reserve.
• Gains are also supported by the expansion of the U.S. military blacklist targeting Chinese tech giants Alibaba and Baidu, a move that reinforces U.S.-China tensions and favors domestic semiconductor outperformance.