VOO is trading 2.5% up in pre-market following a US-Iran ceasefire agreement that has triggered a global relief rally.

  • Oil prices plunged 15% to $95.67 as the Strait of Hormuz reopens, significantly easing global inflation concerns and boosting risk appetite.
  • Global markets are rallying sharply, with US futures (ES +2.47%, NQ +3.18%) and Asian indices like the Nikkei (+5.5%) and Kospi (+7.1%) posting major gains.
  • The de-escalation marks a sharp reversal from yesterday's geopolitical tensions that had weighed heavily on equity markets.