🟢 SPMO is trading 1.5% up today as large-cap tech rebounds following a U.S.-Iran ceasefire

SPMO is trading 1.5% up today as its information technology exposure rallies following a U.S.-Iran ceasefire, which has reduced geopolitical risk premia and fueled a risk-on tone across markets.

• Large-cap tech is leading the market rebound after last week’s AI-valuation-driven selloff, with the Nasdaq and S&P 500 both trending higher.
• Heavyweight names like Microsoft and Apple are posting strong gains, significantly lifting sector-specific ETFs.
• The reduction in geopolitical tensions has encouraged a broader recovery in U.S. equities as investors move back into growth-oriented assets.