🟢 Tech ETF (IYW) is trading 3.25% up in pre-market as futures rebound ahead of megacap earnings

IYW is trading at $259.40 (+3.25%) in pre-market as U.S. equity futures rebounded after Friday’s technology-led selloff, offering support to tech shares ahead of major company earnings.

• The bounce appears to be a relief move, not proof that AI-funding concerns have cleared.
• Investors remain uneasy about financing AI infrastructure, and this week’s megacap results may help determine the AI trade’s direction.
• No major U.S. economic indicators are scheduled for October 19.