🟢 Software ETF (IGV) is trading 2% up as investors buy lower-valued shares after AI-related selloff

IGV is trading at $100.75 (+2.00%) as investors buy lower-valued software shares after last week’s sharp AI-related selloff.

• The rebound follows concerns about potential AI regulation and data-center investment delays after the midterm elections.
• The wider market is higher, supporting software and other technology shares.
• October payroll growth of 165,000 and unemployment at 4.1% inform the market backdrop, while strong labor data keeps rate concerns in view.