WS #11014

The data window shows a de-escalation in US-Iran tensions as a key market driver, with tech stocks rebounding sharply. Iran's foreign ministry stated that a technical delegation will visit Qatar this week to discuss MOU implementation, and that no talks with the US are expected in the coming days. France and Oman jointly called for restriction-free transit in the Strait of Hormuz. These developments counter the bearish geopolitical risk premium that had weighed on markets. The Nasdaq 100 is soaring as semiconductors rebound and Tesla jumps. Comcast's planned breakup is being hailed by analysts, and Charter Communications is surging on reports of executive-level discussions with SpaceX about a consumer mobile phone partnership. A shipping giant warned of Hormuz chaos, but the diplomatic signals are currently dominating. The yen slipped to a 39-year low against the dollar. Supreme Court rulings blocked Trump's bid to fire Fed's Lisa Cook and upheld the E. Jean Carroll verdict, but these have limited direct market impact. Maersk upgraded its full-year guidance sharply, citing strong container demand and rising spot rates. South Korea announced ~$650B in AI mega-projects, providing a bullish backdrop for semiconductor stocks. The dominant narrative is a geopolitical de-escalation-driven tech rally, with the Iran situation STABLE-to-DE-ESCALATING.