🟢 Tech ETF (WQTM) is trading 1.9% up today as oil falls on Hormuz diplomacy

WQTM is trading at $33.02, up 1.85%, as broad market gains lift technology shares.

• The NASDAQ Composite is up 0.65% and the S&P 500 is up 0.59%; reports of diplomacy to reopen the Strait of Hormuz pushed oil prices lower, improving risk sentiment.
• 10-year Treasury yields near 5.19% pressure longer-duration technology valuations. No dominant-holding catalyst is evident; the move appears primarily macro-driven.