SPYG is trading at $118.00 (+2.25%) as tech and growth stocks bounce in after-hours trade following a jump in Nasdaq futures and stabilizing sentiment from Microsoft’s earnings.
- Investors are buying the dip in the information technology sector after recent concerns over AI spending and semiconductor performance triggered a sharp selloff.
- Broad market risk appetite is improving, with the S&P 500 and Nasdaq both rising as strong corporate results help offset previous macro worries.
- The move appears to be sector-driven rather than fund-specific, though lower after-hours liquidity may be amplifying the size of the price action.