S&P 500 ETF (SPY) is trading 0.3% up today as risk appetite improved following reports of a tentative 60-day U.S.–Iran ceasefire extension and the lifting of a naval blockade.
- Gains were led by large-cap technology and AI-linked names, fueled by a nearly 40% surge in Dell and broader enthusiasm for AI infrastructure.
- The geopolitical breakthrough eased oil and inflation worries, helping to offset global growth concerns stemming from Canada’s technical recession.