VGT is trading 1.97% up today as technology stocks rally following President Trump's signals of a potential end to the U.S.-Iran conflict and reassuring comments from the Federal Reserve.
- Fed Chair Jerome Powell downplayed the impact of oil prices exceeding $100 per barrel, easing investor concerns regarding aggressive rate hikes linked to energy-driven inflation.
- The broader market is recovering from yesterday's selloff, with the NASDAQ climbing 1.97% as risk appetite returns to the technology sector.
- The rebound marks a reversal from recent downward pressure caused by geopolitical tensions and concerns over H-1B wage hike proposals that hit the sector on March 30.