SPY is trading at $764.01 (+0.81%) as August CPI matched the 3.4% forecast and core inflation aligned with expectations, reducing the risk of an upside inflation surprise.
- The S&P 500 is rising broadly; futures signal synchronized gains across major U.S. indexes, though elevated Treasury yields remain a restraint.
- Recent PPI strength and oil above $100 continue to reinforce Federal Reserve and geopolitical-risk concerns.
- Technology’s 36.9% SPY weighting is yield-sensitive, while the advance suggests a market-wide relief move rather than an isolated sector rally.