XLG is trading 1.7% higher as its information technology-heavy portfolio benefits from a broad rebound in large-cap tech and AI-related names following last week’s valuation-driven selloff.
- Improved geopolitical sentiment following a U.S.–Iran ceasefire is lifting the Nasdaq and S&P 500, pulling large-cap growth and tech-weighted ETFs higher in early trading.
- Investor focus remains centered on AI growth prospects, which continues to drive momentum despite recent risk warnings from the Bank for International Settlements (BIS).