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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid improving global risk appetite, technology stocks led the Nasdaq Composite higher, buoyed by a cooling of U.S.-Iran tensions ahead of a key summit. According to reports, risk assets benefited from the easing geopolitical environment, with investors eyeing the summit's outcome for a potential lasting détente. Major tech shares rose on optimism over possible easing of trade and political restrictions.
This performance outpaced other benchmarks like the S&P 500, as liquidity concentrated in growth and tech names. The move reflects a shift in investor sentiment, which had previously favored safe-haven assets in recent weeks. Per market data, the technology sector saw net positive inflows, and the VIX volatility index declined over 5% in the past week, supporting a bullish outlook.
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Sign InInvestors will now focus on the outcome of the upcoming U.S.-Iran summit, as any agreement could further support equity markets, especially technology stocks. Markets are also watching upcoming U.S. economic data, including consumer price figures and monthly jobs reports, which could add momentum to the rally. Technically, the Nasdaq is approaching key resistance levels, and a breakout could accelerate the uptrend.