QQQ is trading 1.5% up today as Federal Reserve Chair Jerome Powell signaled the central bank may overlook temporary energy shocks resulting from Middle East tensions.
- President Trump’s hints at ending the U.S.-Iran conflict have boosted market sentiment, helping the index recover from Monday’s sharp selloff.
- The tech-heavy Nasdaq is leading the broader market rebound as geopolitical de-escalation hopes outweigh recession fears and recent oil price surges.
- The recovery follows a volatile period triggered by the Strait of Hormuz blockade and concerns over global energy supply stability.