ProShares UltraPro QQQ is trading 6.3% up in pre-market as a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz drive oil prices lower, easing inflation and interest rate concerns.
- The geopolitical breakthrough has sparked a powerful rebound in Nasdaq-100 futures, signaling a return to risk-on sentiment among growth and tech investors.
- Lower energy costs are providing a significant tailwind for long-duration tech assets, amplifying gains in leveraged tracking vehicles.
- Investors are piling back into the technology sector following recent volatility, encouraged by the improving macroeconomic outlook and increased risk appetite.