Invesco S&P 500 Momentum ETF is trading 2.9% up today as its tech-heavy portfolio benefits from a strong rebound in information technology and growth stocks following easing geopolitical risks and lower oil prices.
- The ETF is riding a broader risk-on move signaled by sharply higher Nasdaq futures and optimism around AI and rate-sensitive growth sectors.
- With over half its weight in information technology, the fund is gaining momentum following a tentative U.S.–Iran peace deal.