🟢 Tech ETF (SPRX) is trading 2.47% up today after stronger-than-expected employment data

SPRX is trading 2.47% up today as investors absorb stronger-than-expected August employment data.

• Payrolls increased by 162,000, while unemployment held at 4.1%, reducing immediate recession concerns but potentially tempering Federal Reserve rate-cut expectations.
• NVIDIA gained 1.8% after its $12.93 billion Hugging Face acquisition, while Hewlett Packard Enterprise surged on strong AI demand.
• Broadcom’s weaker guidance is limiting the sector advance.