Oil Falls Back Near $80 as the Iran Standoff Cools. 3 Tech Stocks That Could Benefit the Most.

Oil prices have retreated to around $80 per barrel from over $100, easing inflation concerns and reducing expectations for Federal Reserve rate hikes. This cooling of rate-hike fears is benefiting technology stocks, particularly high-growth software companies whose valuations are sensitive to interest rate changes. Snowflake, Salesforce, and Oracle are positioned to gain from lower borrowing costs and reduced rate uncertainty.