State Street Technology Select Sector SPDR ETF is trading 3.5% up today as investors rotate into growth and AI-focused technology names following a major de-escalation in U.S.-Iran tensions that sharply pushed oil prices lower.
- The sector is outperforming broader indices as easing rate-hike fears and lower crude prices boost risk appetite across global markets.
- Traders are aggressively adding exposure to large-cap U.S. technology and AI beneficiaries, largely overlooking regulatory headlines such as the Anthropic model restrictions.
- Tech continues to lead recent market gains, driven by a broad rotation into growth-oriented assets as geopolitical risks subside.