🟢 Invesco NASDAQ 100 ETF is trading 1.8% up today as tech rebounds from rate-driven selloff

Invesco NASDAQ 100 ETF is trading 1.8% up today as the tech-heavy index rebounds from a sharp rate-driven selloff in growth stocks.

• Investors are selectively buying beaten-down large-cap tech as broader indices recover and risk sentiment stabilizes following a period of aggressive de-risking.
• The previous downturn was triggered by a stronger-than-expected U.S. jobs report, which pushed Treasury yields and rate-hike expectations higher, impacting tech and semiconductor sectors.