iShares Core S&P 500 ETF is trading 1% up today as easing geopolitical tensions and a recovery in growth stocks improve market sentiment.
- Iran signaled an end to its latest missile strikes on Israel, providing relief to global markets and improving risk appetite.
- Semiconductor and growth-oriented stocks are leading the advance, helping the index recover from last week's sell-off triggered by a hot jobs report.
- Investors maintain a level of caution as they await key U.S. inflation data scheduled for release later this week.