MTUM is trading at $66.74, up +4.77%, as technology and chip shares rebounded after investors bought beaten-down stocks.
- On November 6, the semiconductor index rose, and information technology was among the day’s leading sectors.
- The rebound followed the previous session’s steep selloff, which reflected concerns about potential AI regulation and data-center development restrictions following the midterm elections.
- October payroll growth of 165,000, above forecasts, supported sentiment, though concerns about higher rate hikes remained.