PWB is trading 1.7% up in pre-market as its largest sector weight, information technology, rallies alongside NASDAQ futures and broader risk-on sentiment following a pause in U.S.-Iran hostilities.
- Market gains are supported by lower oil prices, easing yields, and growing optimism surrounding upcoming Big Tech earnings reports.
- Sentiment is further bolstered by AI-related developments, including the announcement of a long-term AI supply pact between Samsung and Broadcom.