State Street SPDR S&P 500 ETF Trust is trading at $753.92 (+0.5%) as a landmark U.S.–Iran peace agreement reopens the Strait of Hormuz and eases global energy concerns.
- Brent crude prices fell sharply following the deal, cooling inflation fears and providing a significant tailwind for the equity market.
- Broad market strength and record-high S&P 500 levels are further reinforcing the move as investor risk appetite remains firm.