Vanguard S&P 500 Growth Index Fund ETF Shares is trading 1.5% up today as growth stocks rebound following a sharp tech-led selloff linked to hawkish Fed expectations.
- Nasdaq futures are climbing more than 1%, signaling renewed risk appetite for rate-sensitive technology names after a recent rotation into value and industrials.
- Information technology represents over 40% of the fund's weight, driving the recovery as the market processes last week's stronger-than-expected May jobs data.
- The upward move marks a reversal from the previous week's volatility, which was fueled by concerns over a more hawkish outlook for interest rates.