Software Sector Poised for Best Weekly Performance Since 2001

Software equities are experiencing a powerful resurgence, with the iShares Expanded Tech-Software Sector ETF (IGV) trending toward a historic weekly close. The rally reflects a sustained recovery in software valuations as investors return to growth-oriented tech assets. As of Friday morning in New York, the IGV ETF rose 1.2%, marking its fifth consecutive session in positive territory. If these gains are maintained through the closing bell, the fund will end the week up 14%. This surge represents a rare milestone for the sector, as it would be the best weekly performance recorded since October 2001. The scale of the move highlights a significant shift in short-term momentum for software-as-a-service and enterprise technology providers. Market participants are viewing this rebound as a sign of renewed confidence in the software vertical. While the broader market continues to navigate macroeconomic headwinds, the concentrated strength in IGV suggests a tactical rotation back into high-beta technology stocks.