SPMO is trading 2.7% higher as its tech-heavy portfolio benefits from a continued information technology rally and exceptionally strong ISM manufacturing data.
- Lower energy-inflation fears and a broad risk-on tone in U.S. indices are providing significant tailwinds for momentum and growth-oriented stocks.
- Global market stability has improved following easing Middle East tensions and a U.S.–Japan yen intervention that helped stabilize global bond markets.