By Alex Kozul-Wright
The tech-heavy Nasdaq index has been on a tear lately, highlighted by a 12-day winning streak. The last time that happened was in 2009.
Over the past 12 trading sessions, three of the top 10 movers in the index stand out: Avis, Allbirds and Xanadu Qantum.
From March 30 to April 16, their share prices soared 231%, 266% and 317%, respectively, according to Dow Jones Market Data.
Tech company fortunes appear to have been buoyed by the prospect of an extended U.S.-Iran cease-fire -- initially set to expire April 22.
An end to the war would likely reduce energy prices and ease monetary policy conditions -- good news for tech companies' bottom lines.
Deutsche Bank strategist Jim Reid wrote in a note Friday "markets remain broadly optimistic about the direction of travel."
Thirteen is meant to be an unlucky number. The Nasdaq might see it differently.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
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(END) Dow Jones Newswires
April 17, 2026 10:31 ET (14:31 GMT)
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