GOOGL is trading at $296.38 (+3.1%) as U.S. markets surge on geopolitical relief following signals of a potential U.S. troop withdrawal from Iran.
- The Nasdaq Composite gained 1.33% as oil prices fell below $100/barrel, lifting risk sentiment across major technology stocks.
- Broader market momentum is being driven by de-escalation hopes and Fed Chair Powell's recent comments on overlooking temporary energy shocks.
- The rally overshadowed product news regarding a screenless Fitbit device currently in development, as macro factors remain the primary price driver.