SPWO is trading 3.1% higher today as investors rotate back into global growth equities following a cooling U.S. PCE inflation report and a tech-led rally.
- Cooling U.S. PCE inflation data and a steady Federal Reserve policy stance have bolstered market confidence and risk appetite.
- A powerful surge in the tech sector, catalyzed by Microsoft’s strong earnings report, is driving international growth exposures higher.
- The rebound follows a prior session selloff, with major indices showing a broad-based rally across global growth stocks.