ARKQ is trading at $122.99 (+3.02%) as relief following the Federal Reserve’s widely anticipated 25-basis-point hike lifts risk appetite.
- The September 16 hike raised rates to 3.75%-4.00%; officials signaled another possible increase, but policy uncertainty has cleared.
- The Nasdaq Composite is up roughly 1.6%, with the S&P 500 and Dow also higher; Treasury prices strengthened and crude oil declined, easing immediate inflation and discount-rate concerns.
- Investors are rotating into technology, industrial, and other growth-sensitive sectors.