Tech Stocks Rise On Iran De-Escalation Hopes

U.S. technology and semiconductor stocks rebounded on Tuesday, with indexes like the PHLX Semiconductor and Nasdaq Composite gaining between 2%-3% due to easing geopolitical tensions related to the U.S.-Iran conflict. Major companies such as Meta Platforms, Alphabet, and Amazon saw stock increases of approximately 3% or more, with Meta shares rising 6.50% to $551.79, Alphabet up 4.76% to $277.69, and Nvidia up 4.95% to $167.11. Overall, nine of the 11 S&P 500 sectors traded higher, reflecting a revival in investor risk appetite.