🟢 ProShares UltraPro S&P500 is trading 3.7% up today after U.S.-Iran peace deal and broad risk-on rally

ProShares UltraPro S&P500 is trading 3.7% higher today as broad market futures surge following reports of a U.S.-Iran peace agreement and the reopening of the Strait of Hormuz.

• The geopolitical breakthrough has significantly eased global oil-price and inflation concerns, fueling a tech-led risk-on move across U.S. equity futures.
• As a 3x leveraged ETF, ProShares UltraPro S&P500 is amplifying the pre-market strength seen in the S&P 500 and Nasdaq-100 indexes.
• Broad market sentiment has shifted sharply positive, with S&P 500 futures trading higher on improved growth prospects for the tech sector.