🟢 State Street SPDR S&P 500 ETF Trust is trading 1.2% up today after US–Iran peace deal boosts risk appetite

State Street SPDR S&P 500 ETF Trust is trading 1.2% up today as investors react to a tentative US–Iran peace agreement that reopens the Strait of Hormuz and sharply reduces perceived geopolitical and energy-supply risks.

• Lower oil prices are easing inflation concerns and reinforcing expectations that the Federal Reserve, under incoming chair Kevin Warsh, will keep interest rates steady.
• The positive geopolitical shift is lifting rate-sensitive growth sectors like technology and communication services, which carry significant weight within the S&P 500.