Tech Rebounds as Trump Pledges No Iran Attack Before Midterms
IXIC sits 32% above its 52-week low of $20,690.249.
Summary
U.S. stocks are ending the week higher, with the Nasdaq shaking off Thursday's AI-driven selloff after President Trump promised not to attack Iran before the midterms. Oil prices, which initially cooled on the comments, erased losses after reports of more strikes near the Strait of Hormuz, keeping Brent above $100. Tech sentiment remains fragile: Nvidia-backed Firmus Grid scrapped Australia's largest IPO in nearly 30 years, though 10 of 11 S&P 500 sectors traded positive. The benchmark Treasury yield ticked up to 5.256%, and the WSJ Dollar Index is on pace for a fourth straight weekly gain as investors price in further Fed rate hikes.
At the time of this announcement, IXIC was trading at $27,356.41 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,722.75. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.