IGV is trading at $78.29 (up 1.8%) as the tech sector rebounds from a sharp selloff triggered by escalating Middle East tensions.

  • The recovery follows a 3.59% drop on March 27, when concerns over an Iran-Israel conflict, oil prices exceeding $100 per barrel, and a potential Strait of Hormuz blockade drove risk-off sentiment.
  • Broader market indices are also gaining, with the S&P 500 up 0.92% and the NASDAQ up 0.74%, signaling a sector-wide shift as investors rotate back into growth assets from safe-havens.