VUG is trading 3.5% higher in pre-market as a US-Iran ceasefire and the reopening of the Strait of Hormuz trigger a broad market rally.
- Crude oil prices plunged 15% on the news, significantly easing the inflation fears that have recently pressured growth-oriented equities.
- Tech-heavy sectors are leading the advance, with Nasdaq-100 futures up 3.18% following sharp overnight gains in the Nikkei (+5.5%) and Kospi (+7.1%).