🟢 State Street SPDR S&P 500 ETF Trust is trading 1.3% up today after U.S.–Iran peace deal and oil plunge

State Street SPDR S&P 500 ETF Trust is trading at $751.14 (+1.3%) amid a broad risk-on pre-market rally following a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.

• The geopolitical breakthrough has sharply reduced energy-supply risks, causing Brent crude to fall more than 4% and easing global inflation and interest rate concerns.
• Positive sentiment is further supported by gains in S&P 500 futures and outperformance in NASDAQ futures, reinforcing the broad index-level bid.