SPDR S&P 500 ETF Turnover Spikes to $60B as Ceasefire Sparks 2% Futures Rally
SPDR S&P 500 ETF’s daily turnover has hit $60 billion 29 times this year, setting a new record as traders brace for Iran war developments. S&P 500 futures jumped over 2% after President Trump agreed to a conditional two-week ceasefire, while WTI crude fell about 13% to $86.21.
1. Record ETF Turnover Reflects Elevated Volatility
Trading in the SPDR S&P 500 ETF Trust hit a daily turnover of $60 billion for the 29th time this year, marking a new record as investors rapidly adjust positions in response to heightened Middle East war risks.
2. Ceasefire Announcement Sheds Market Uncertainty
President Trump announced a two-week suspension of planned military strikes against Iran, contingent on the safe reopening of the Strait of Hormuz, prompting S&P 500 futures to climb more than 2% in after-hours trading.
3. Oil Prices Plunge on Reduced Middle East Tension
West Texas Intermediate crude futures slid roughly 13% to $86.21 a barrel following the ceasefire news, as market participants anticipate a temporary easing of supply disruptions in the Strait of Hormuz.