NASDAQ 100 Analysis: De-Escalation Around Iran Boosts Demand for Technology Stocks

The article says improved geopolitical sentiment around Iran and a softer oil price backdrop are boosting risk appetite for US technology shares, with the Nasdaq 100 benefiting from renewed investor confidence. President Trump’s cancellation of a planned strike on Iran and his willingness to resume negotiations reduced inflation fears, while the Fed’s 29 July decision to keep rates unchanged at 3.5%–3.75% also supported equities. Technically, the Nasdaq 100 rebounded from the 27,100 support area, broke above a descending trendline, and is now trading above 28,600. Immediate resistance is seen near 29,200, while downside support sits around 28,400, 27,750, and 27,250. The near-term outlook remains tied to developments in Iran talks; further de-escalation could extend gains, while renewed tension may pressure the index.