🟢 State Street SPDR S&P 500 ETF Trust is trading 1.6% up today after a U.S.–Iran peace deal and oil price plunge

State Street SPDR S&P 500 ETF Trust is trading 1.6% up today as investors react to a tentative U.S.–Iran peace agreement that has reopened the Strait of Hormuz and driven oil prices sharply lower.

• Lower energy costs and reduced geopolitical risk are easing global inflation concerns.
• The news is supporting a broad risk-on move, particularly benefiting the growth and tech-heavy sectors that dominate the S&P 500's weight.