SPYG is trading at $122.94 (+1.69%) as information technology rebounds.

  • Information technology is rebounding after semiconductors led the August 18 selloff; Asian technology markets remained weak overnight, including South Korea’s 6.39% decline.
  • Investors are positioning ahead of the 2:00 p.m. FOMC minutes, while elevated Treasury yields and U.S.-Iran tensions continue restraining growth stocks.
  • Flat-to-mixed futures suggest the pre-market gain reflects sector-specific recovery rather than broad market strength.