DPST is trading at $147.30 (+2.06%) as regional banks and financials gain from a pre-market risk-on move fueled by easing Middle East tensions and a sharp drop in oil prices.
- Lower energy costs and improved sentiment are supporting cyclical sectors as investors rotate toward banks and value names following recent tech-led weakness.
- Traders are awaiting 8:30 AM durable goods data, which is expected to shape interest rate expectations and impact the rate-sensitive banking sector.
- The ETF remains highly sensitive to macro shifts in yields and growth expectations due to its concentrated 65.1% weighting in regional banks.