The SP Funds S&P Global Technology ETF (SPTE) experienced a significant spike in trading volume on Monday, reaching over 247,000 shares compared to a three-month average of 45,000 shares. The ETF rose approximately 2.9% during the session.
Key stocks driving this increased activity included Nvidia, which saw over 87.3 million shares traded with a gain of 1.6%, and Nokia, with over 81.1 million shares changing hands and a 2% increase. Micron Technology had the highest performance in the ETF, surging about 10%, while Ciena lagged, declining approximately 5.7%.
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