SPWO is trading 5.5% up following a global risk-on move that has favored non-U.S. growth equities after cooler U.S. inflation data improved expectations for a less aggressive Federal Reserve path.
- The CPI surprise earlier in the week has boosted demand for international growth exposure, driving a continuation of the global risk-on trend.
- SPWO is outperforming in after-hours trading even as U.S. tech and broader indices showed weakness during the regular session, suggesting selective positioning in foreign large-growth stocks.