Vanguard Information Technology Index Fund ETF Shares is trading 3.2% up today as investors rotate into growth and technology following a major improvement in geopolitical risk linked to a 60-day U.S.–Iran peace agreement.
- The reopening of the Strait of Hormuz has driven oil prices sharply lower, boosting risk appetite across global equities and the tech-heavy Nasdaq.
- Market sentiment is further bolstered by SpaceX’s massive IPO and continued enthusiasm for AI and high-growth technology, lifting the broader information technology sector.