Tech ETF (XLK) is trading 1.5% higher as technology and growth-oriented stocks benefit from lower Treasury yields and a shift toward pro-innovation AI policy.
- Easing geopolitical risks following progress in U.S.–Iran negotiations have pushed oil prices lower, supporting broader equity sentiment and risk appetite.
- President Trump’s cancellation of an AI safety executive order is being interpreted as a pro-innovation stance, supporting sentiment toward the large-cap technology and AI-linked names that dominate the fund.