TECL is trading 4.9% higher in pre-market, tracking a 1.2% rebound in Nasdaq-100 futures as the information technology sector recovers from prior volatility.
- Softer U.S. jobs data has bolstered hopes for potential interest rate cuts, improving risk sentiment for large-cap tech and growth stocks.
- Renewed optimism surrounding AI and data-center infrastructure is driving gains across the technology sector.
- Constructive market performance in Asia overnight has provided additional support for the broader tech recovery.