🟢 Invesco PHLX Semiconductor ETF is trading 4.8% up today as chip stocks rebound from Fed-driven selloff

Invesco PHLX Semiconductor ETF is trading 4.8% up today as semiconductor and broader information technology shares recover from the previous session's Fed-driven selloff.

• Investors are reassessing growth stocks after the Federal Reserve maintained interest rates at 3.50%-3.75% while signaling a shift toward data dependence and ending forward guidance.
• Early strength in rate-sensitive, high-beta chip names is lifting the PHLX Semiconductor index following Wednesday’s significant drop in the Nasdaq and technology-focused ETFs.