• Vanguard Mega Cap Growth Index Fund is trading 1.5% up today as large-cap growth and information technology shares rebound from the June 17 Fed-related selloff.
  • The market rebound is significantly boosted by news of a partnership between Intel and Apple for U.S.-based chip design, driving gains in the semiconductor and broader tech sector.
  • A broader risk-on sentiment is also supported by the signing of an interim U.S.-Iran peace deal, contributing to the recovery of growth-oriented assets.
  • This follows the Federal Reserve's decision to keep rates steady but signal a hawkish stance and end forward guidance, which initially pressured growth and tech stocks.
  • Technology-heavy indices like the Nasdaq Composite are recovering, rising approximately 1.4% to 1.6%, lifting the fund's heavily tech-weighted portfolio.