Spear Alpha ETF is trading 5% up today as the tech-heavy portfolio recovers from a sharp selloff triggered by the stronger-than-expected May U.S. jobs report.
- Easing geopolitical tensions in the Middle East are providing a tailwind for broader market sentiment and risk-on assets.
- A broad recovery in technology and semiconductor shares, reflected in the Nasdaq’s outperformance, is lifting innovation-focused names across the sector.
- The bounce follows a period of pressure where growth stocks were hit hard by fears of prolonged higher interest rates following recent labor market data.