Microsoft Leads IGV ETF to Strongest Two-Day Rally Since April 2025
Microsoft is among the heavyweights leading the iShares Expanded Tech-Software Sector ETF’s best two-day gain since April 2025, reclaiming the pivotal $76 support level after a failed breakdown. That bear-trap reversal in IGV broadens the technology rally as the S&P 500 sits under 1% from an all-time closing high.
1. IGV’s Technical Reversal
The iShares Expanded Tech-Software Sector ETF (IGV) delivered its strongest two-day performance since April 2025, surging past the $76 support level that had failed in February and March. Market technicians identify this move as a bear-trap reversal, where an initial breakdown lures sellers before a swift recovery erases the losses.
2. Implications for Microsoft and Broader Market
Microsoft, alongside Oracle, Palantir, Salesforce and Palo Alto Networks, led the software segment’s rebound and helped broaden the tech rally. With software stocks joining semiconductors and large-cap tech in driving gains, the Nasdaq indexes have strengthened and the S&P 500 now trades within 1% of its record closing high.