The Invesco QQQ Trust rallied on July 13, 2026, gaining 0.32% as major stock indexes settled higher amid easing geopolitical tensions between the United States and Iran.
The Nasdaq Composite advanced 1.7% for the week, outpacing the S&P 500’s 1.2% gain, according to Yahoo Finance. The tech-heavy index benefited as investors shed concerns about Middle East conflict that had weighed on markets earlier in the month.
President Trump announced that Iran had called to make a deal and that the U.S. agreed to Iran’s request to continue peace talks, according to reporting by CNBC. The diplomatic signal lifted risk appetite across equities, with oil prices falling and tanker traffic resuming through the Strait of Hormuz, as reported on Instagram by market analyst kylascan.
Technology stocks led the broader rally. The Technology Select Sector SPDR ETF climbed nearly 2%, with semiconductor and chip stocks among the biggest gainers, according to IC Markets. This outperformance reflected investor confidence that a resolution to geopolitical tensions would ease supply-chain concerns and support growth-oriented sectors.
The pattern mirrors earlier rallies tied to Iran negotiations. When the U.S. and Iran struck a preliminary peace agreement in mid-June 2026, the S&P 500 gained 4.0% from June 10 through June 17, according to U.S. News & World Report. Economists noted at that time that a lasting peace deal would support the global economy.
The latest leg of the rally suggests that each step toward de-escalation in the Middle East continues to unlock appetite for equities, particularly in the technology sector where valuations had compressed during periods of heightened geopolitical risk.
Sources
- Yahoo Finance — QQQ price data and weekly index performance for July 13, 2026.
- CNBC — Trump’s statements on Iran peace talks and market reaction.
- Instagram (kylascan) — Oil price declines and Strait of Hormuz tanker movement following U.S.-Iran deal.
- IC Markets — Technology sector leadership and semiconductor stock gains.
- U.S. News & World Report — S&P 500 gains and economic impact of June 2026 Iran peace agreement.
- Reuters — Nasdaq and broad market performance data for early July 2026.
