USD ETF (USD) is trading 6% higher today as the information technology sector, its largest component at 40.4%, outperforms the broader equity market.
- Growth stocks remain supported by last week’s pullback in Treasury yields and continued enthusiasm surrounding AI and high-performance computing.
- The move is driven by risk-on sentiment and follow-through buying after strong first-quarter earnings from key technology names.
- In the absence of major U.S. macro data releases, the ETF is benefiting from sustained strength in large-cap tech stocks.