🟢 State Street SPDR S&P Semiconductor ETF is trading 5.5% up today on a global risk-on rally and lower oil prices

State Street SPDR S&P Semiconductor ETF is trading 5.5% up today as semiconductor and information technology names ride a broad global risk-on move following a tentative U.S.-Iran peace agreement.

• The reopening of the Strait of Hormuz has significantly lowered oil prices and eased global inflation fears, improving sentiment across the tech sector.
• With futures and the NASDAQ pointing higher, investors are rotating back into growth and AI-related tech, boosting semiconductor-heavy ETFs alongside the broader tech complex.