State Street SPDR S&P 500 ETF Trust is trading 1% up today as markets rebound from a tech-led selloff and geopolitical risks subside.
- Growth and semiconductor shares are leading the recovery after a stronger-than-expected May jobs report previously fueled hawkish Fed expectations.
- Geopolitical tail risks have eased significantly following signals from Iran that its current missile strikes against Israel have concluded.
- Firmer sentiment in the cryptocurrency market is providing additional support for risk assets during today's session.