State Street SPDR S&P 500 ETF Trust is trading 1.2% higher today following a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.

  • Brent crude oil prices dropped over 4%, easing inflation and interest rate concerns while providing a boost to growth-heavy sectors like information technology.
  • Market sentiment is supported ahead of the first FOMC meeting under the leadership of new Chair Kevin Warsh.