🟢 Tech ETF (XLK) is trading 1.7% up in pre-market as AI shares lead rebound

XLK is trading at $187.01 (+1.67%) as AI-related shares lead a broad risk-on rebound.

• The move follows the Federal Reserve’s 25-basis-point rate hike, with Nasdaq futures up about 0.6% and easing oil prices reducing inflation pressure.
• Premarket strength is concentrated in semiconductor and AI-related shares, including Intel, AMD, and NVIDIA.
• Falling crude prices and resilient global equities are helping offset elevated Treasury yields.