🟢 State Street SPDR S&P 500 ETF Trust trades 1.7% up as market rallies on hopes of US-Iran deal

State Street SPDR S&P 500 ETF Trust is trading up 1.7% at $737.76 following the S&P 500's biggest gain in two months.

• The sharp rally was primarily driven by headlines suggesting a potential U.S.-Iran deal that could increase oil supply, easing geopolitical tensions.
• The rebound followed a multi-day pullback that was influenced by concerns over inflation and hawkish rhetoric regarding Iran.
• A stabilization in the AI and technology sectors also contributed to the broad-based recovery.