SPTE is trading at $49.82, up 6.12% versus the August 19 close, as lower long-term Treasury yields improve valuations for technology and other growth stocks.
- The Treasury increased long-duration buybacks from $2 billion to at least $4 billion per operation, pushing the 30-year yield near 5.19% and easing discount-rate pressure.
- Nasdaq futures are modestly higher, while mixed index futures indicate primarily rate-sensitive technology strength.