SPRX is trading 1.9% up in pre-market as the information technology sector rebounds from a global semiconductor-led selloff and a hawkish macroeconomic backdrop.
- Improving risk sentiment and higher NASDAQ futures are supporting a recovery following several days of sharp losses.
- Investors are engaging in dip-buying ahead of major U.S. tech earnings reports scheduled for later this week.
- The upward move follows yesterday's significant downside pressure triggered by broader volatility in the technology sector.