This ETF is comfortably beating the return of the S&P 500 thanks to its holdings in the world's largest AI stocks.

Consumer spending was tepid last month but exceeded forecasts. Data from the Census Bureau showed retail sales were up 0.1% in August from the month prior, beating economists' expectations for a 0.2% decline. Slowing automobile sales pressured the headline number, though this was offset by strong online sales.

BlackRock and Microsoft plan a $30B AI investment fund with Nvidia to meet growing demand, boosting stock prices.

With the Federal Reserve set to begin cutting interest rates this week, analysts believe tech stocks could get a big boost.