🟢 Fidelity MSCI Information Technology Index ETF is trading 3.9% up today on a risk-on rally following a tentative U.S.–Iran peace deal

Fidelity MSCI Information Technology Index ETF is trading 3.9% up in pre-market as information technology stocks rally following a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.

• The geopolitical breakthrough is easing global inflation and interest rate fears, leading to lower energy prices and a broad risk-on move across growth sectors.
• Nasdaq futures have surged over 2%, with technology and AI-related shares leading the market higher on expectations of a steadier Federal Reserve policy.