USD ETF (USD) is trading 2.6% up today as information technology names rebound alongside the broader Nasdaq following a period of bond-yield-driven volatility.
- Tech sentiment is improving as Tuesday’s yield-driven pressure eases slightly, helping growth stocks stabilize across the board.
- Markets are focused on Nvidia’s earnings report after the close, which is considered a critical barometer for the AI and semiconductor sectors.
- Anticipation of strong results is lifting large-cap semiconductors and the wider tech sector, providing significant support for the leveraged ETF's upward move.