XLK is trading at $147.93 (+1.6%) in after-hours as technology stocks lead a broader market rally fueled by signs of geopolitical de-escalation.
- Investor confidence surged following reports of U.S.-Iran peace talks resuming in Pakistan, providing significant relief to global markets.
- Easing energy prices below $96 per barrel helped soften inflation fears, creating a favorable environment for growth-oriented sectors like technology.
- The move aligns with a 1.93% gain in the Nasdaq Composite, as geopolitical optimism outweighed prior concerns regarding regional blockades.