SPRX is trading at $44.90, up +3.89%, as investors reassess the Fed’s September 16 rate hike amid reduced immediate policy uncertainty.

  • Technology shares are outperforming as falling Treasury yields and lower crude prices improve risk appetite for long-duration growth stocks.
  • Weaker August housing data reinforces expectations of cooling activity.
  • The broader rally is confirmed by the Nasdaq Composite gaining 1.35% and S&P 500 rising 0.86%; futures were also higher before the open.