🟢 iShares Nasdaq Top 30 Stocks ETF is trading 2.6% up today as tech rebounds after Fed selloff

iShares Nasdaq Top 30 Stocks ETF is trading at $38.75, up 2.6% from its June 17 close, as information technology stocks bounce back from a Fed-driven risk-off move.

• Futures for the Nasdaq and S&P 500 are indicated sharply higher, suggesting investors are buying back growth and AI-oriented tech following the June 17 FOMC decision.
• The rebound comes after high-duration tech stocks were hit hard by the initial Fed-driven selloff.
• Information technology components make up over half of the ETF, driving the current pre-market recovery.