QQQ is trading 3.4% up in pre-market as global markets rally following a breakthrough US-Iran ceasefire agreement.
- Nasdaq-100 futures (NQ) jumped 3.18%, tracking massive overnight gains in Asian markets where the Nikkei rose 5.5% and the Kospi surged 7.1%.
- Crude oil prices plunged 15% to $95.67 as the reopening of the Strait of Hormuz significantly eases global energy supply concerns and inflationary pressure.
- The dramatic reversal in geopolitical tensions has sparked a broad rally in risk assets, driving significant inflows into tech-heavy indices and cryptocurrency.