🟢 IITU.L is trading 3.1% up today on strong Microsoft earnings and cooler PCE data

IITU.L is trading 3.1% up today as U.S. technology shares rally following strong Microsoft earnings and cooler-than-expected PCE inflation data.

• The fund is benefiting from renewed strength in mega-cap cloud and AI names, lifting the broader S&P 500 information technology sector.
• Improving rate-cut expectations following the inflation data have provided a significant tailwind for growth-oriented tech stocks.
• Today's rebound follows a period of sector-wide pressure driven by geopolitical tensions and recent weakness in the semiconductor industry.