State Street SPDR S&P Kensho Final Frontiers ETF is trading 5% higher today as industrial and cyclical sectors benefit from a risk-on tone fueled by a recent U.S.–Iran peace deal and stable interest rate expectations.

  • Geopolitical tensions have eased significantly following the peace deal, leading to softer oil prices and a more favorable environment for pro-growth, cyclically sensitive industrial names.
  • Markets are maintaining a steady-rates outlook ahead of the upcoming FOMC decision, while investors await new housing data due shortly.