VGT is trading 1.55% up today following President Trump's signals of a potential end to the U.S.-Iran conflict and Fed Chair Jerome Powell's reassurance that the central bank could overlook temporary oil price shocks.
- Reduced recession fears and eased rate hike expectations shifted investor sentiment toward risk assets, specifically benefiting the technology sector which makes up 98.5% of the ETF.
- Semiconductor supply concerns were alleviated as major chipmakers confirmed sufficient helium inventory through June, ensuring production stability.