SPMO is trading 3.7% up today as a US-Iran ceasefire reopens the Strait of Hormuz, triggering a significant global market rally.
- NASDAQ futures are sharply higher, with the index up 3.18% following overnight gains in Asia and plunging oil prices.
- The ETF's 43.2% weighting in Information Technology is benefiting from risk-on sentiment, with momentum stocks like NVDA and AVGO gaining on strong AI demand signals.