SP Funds S&P Global Technology ETF is trading 2.8% up today as global equities surge following news of a tentative U.S.–Iran peace agreement and a subsequent decline in oil prices.
- The technology-heavy ETF is seeing a broad bid into growth and AI-related names as Nasdaq futures climb 2% and S&P 500 futures rise over 1%.
- Market sentiment has shifted to a strong risk-on tone, with investors showing reduced concern over inflation and interest rates ahead of the first Federal Reserve meeting under Chair Kevin Warsh.
- The cooling of geopolitical tensions and energy costs is providing a significant tailwind for high-growth technology sectors.