XLK is trading 1.8% up today as geopolitical relief fuels a tech-led rally following President Trump's indefinite extension of the U.S.-Iran ceasefire.
- The Nasdaq Composite is up 1.27% as the ceasefire extension eases global tensions and boosts investor sentiment across the technology sector.
- Sector momentum is further supported by Google Cloud's $1B Merck AI deal and Adobe's strong earnings report and buyback announcement.
- Standout performers within the ETF include Strategy, which surged 9.96%, and Arm Holdings, which gained 9.02%.