Australian technology stocks track Wall Street higher on US-Iran ceasefire optimism

SiteMinder

29/05/2026 02:15

** Australian technology stocks .AXIJ rise as much as 2%, their biggest intraday pct gain since May 12
** Stocks jump nearly 2% this week, on track for its best week since mid-April, if gains hold 
** The sub-index tracks gains in U.S. stocks, with the S&P 500 and the Nasdaq posting record closing highs on reports that the US and Iran have reached a draft agreement to extend their ceasefire for 60 days .N
** IT firm NEXTDC NXT.AX, Siteminder SDR.AX, and Goodman Group GMG.AX climb between 0.9% and 2.7%
** Sub-index down ~18% this year so far

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))