State Street SPDR Portfolio S&P 500 Growth ETF is trading 1.5% up today. * Large-cap growth and information technology stocks are rebounding, led by chip stocks surging on President Trump's announcement of an Apple-Intel partnership for U.S. chip manufacturing. * Investors are rotating back into risk assets as markets digest the Federal Reserve's hawkish tone and higher 2026 rate projections from its June 17 meeting, which triggered a selloff yesterday. * The tech-heavy S&P 500 Growth complex is rising alongside a stronger Nasdaq.