ProShares Ultra Semiconductors is trading 7.5% up in pre-market as a tentative U.S.–Iran peace agreement eases inflation fears and sparks a rally in rate-sensitive growth sectors.
- Nasdaq futures are surging following news of the Strait of Hormuz reopening, which has significantly reduced global energy-driven inflation concerns and rate-hike expectations.
- The semiconductor sector, which makes up over 40% of the ETF, is seeing outsized gains as investor appetite returns for high-growth AI and information technology plays.
- Broad U.S. equity futures gains are further supporting the pre-market jump, driven by a shift toward a risk-on market sentiment.