TECL is trading 4.7% up today as the information technology sector benefits from lower Treasury yields, improved risk sentiment, and strong index futures.
- Overnight de-escalation in the Middle East and falling oil prices have fueled a tech-led rally, with Nasdaq futures trending higher and supporting leveraged tech ETFs.
- Robust U.S. manufacturing data is providing additional momentum for mega-cap growth names as the sector continues to benefit from favorable macroeconomic tailwinds.