XLK is trading 1.6% up at $135.00 in pre-market sessions as optimism over U.S.-Iran de-escalation and dovish Federal Reserve commentary lift the technology sector.
- President Trump signaled a potential end to military operations within three weeks, significantly cooling geopolitical tensions.
- Dovish remarks from Fed Chair Powell have eased investor concerns regarding aggressive rate hikes, boosting high-growth risk assets.
- The move follows a strong 4.24% rally on March 31, 2026, with S&P 500 and Nasdaq futures currently trading up 0.69% and 0.91% respectively.