XLG is trading at $63.01, up 1.60% from September 16 close as stronger Nasdaq futures and recovering AI shares benefit its technology-heavy portfolio.
- The Fed’s 25-basis-point hike remains a higher-yield headwind while overnight sentiment improved and technology stocks saw renewed buying.
- AI-related semiconductor stocks were recovering ahead of the Fed decision; Nasdaq futures are up 0.97% versus 0.75% for S&P 500 futures, indicating stronger technology leadership.
- Housing Starts and Building Permits at 8:30 a.m. ET remain the next macro risk.