MGK is trading 2.2% up today as its information technology-heavy portfolio benefits from a continuation of the tech-led rally driven by strong mega-cap earnings.
- Strong cloud and AI results from leaders like Microsoft and Amazon, alongside cooling inflation data and steady Fed policy, are driving renewed demand for growth-focused stocks.
- Nasdaq futures strength and a follow-through rebound after the recent semiconductor selloff are providing additional tailwinds for the broader large-cap growth complex.