Market ETF (SPMO) is trading 2.8% up today as its tech-heavy momentum portfolio benefits from a strong bid into growth and AI-exposed names, with the Nasdaq leading major indices.
- The ETF is riding a sector-wide rally supported by firm risk appetite and its significant exposure to information technology, which accounts for over half of its weight.
- Performance is further bolstered by easing energy cost-pressure worries and sustained enthusiasm for high-momentum AI and semiconductor leaders.