SPWO is trading at $34.78, up 3.02% from the August 27 close, driven primarily by the global technology rally following NVIDIA’s earnings outlook.
- NVIDIA is SPWO’s largest holding at roughly 20%.
- The move comes despite mixed Asian markets and ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech at 10:00 a.m. ET.
- Rates uncertainty remains a potential risk to the advance.