🟢 State Street SPDR S&P 500 ETF Trust is trading 1.3% up today on a US–Iran peace deal and reopening of the Strait of Hormuz

State Street SPDR S&P 500 ETF Trust is trading higher at $751.01, up 1.3% from its June 12 close of $741.75 following news of a tentative US–Iran peace agreement.

• The geopolitical breakthrough includes the reopening of the Strait of Hormuz, which has triggered a sharp decline in oil prices and eased global inflation concerns.
• The de-escalation is fueling a broad risk-on rally across the market, with technology and other growth sectors leading the gains in pre-market trading.