IYW is trading at $254.56, up 2.25%, as Nasdaq futures point to relative tech resilience. - Nasdaq futures are up 0.33%, amid mixed broader-market futures. - The rebound follows Thursday’s AI-spending-driven selloff, when Meta fell 7.0% as investors reacted to its AI-related expenditures. - Oil and geopolitical risk remain headwinds after reports of tanker incidents in the Strait of Hormuz pushed crude higher. Final University of Michigan consumer sentiment is scheduled for 10:00 ET and is still ahead.