ProShares Ultra Semiconductors is trading 5.6% up as information technology and semiconductor names rebound from the prior session’s Fed-driven selloff, with futures broadly positive.
- The sector is stabilizing after the June 17 Fed meeting shock as investors refocus on AI-related capex growth and chip infrastructure demand.
- Markets are awaiting upcoming jobless claims and Philadelphia Fed data, which could provide further clarity on the macroeconomic path for growth stocks.