QQQ is trading 1.7% up today as geopolitical tensions ease following President Trump's announcement of a five-day postponement of military strikes on Iranian energy infrastructure.
- Crude oil prices dropped 7% to $103 per barrel on the news, alleviating inflation concerns and driving a rotation back into risk assets.
- Tech-heavy markets are also finding support from Oracle's optimistic AI-driven revenue guidance, which targets $90 billion by 2027.
- The upward move marks a sharp reversal from Friday's losses, which were triggered by fears of a broader conflict in the Middle East.