🟢 MGK is trading 1.56% up today as post-Fed risk appetite and easing inflation pressure lift growth stocks

MGK is trading 1.56% up as growth-led market momentum builds following the Federal Reserve’s latest rate hike.

• A rally in Treasury prices and easing oil costs have reduced immediate inflation concerns, supporting high-duration technology valuations.
• Sector-wide sentiment is bolstered by a 1.60% gain in the Nasdaq Composite and reports of Apple utilizing Nvidia networking technology for AI servers.
• While Intel’s AI-memory shortage warning persists as a headwind, improving macro risk sentiment remains the primary driver for the ETF.