🟢 S&P 500 ETF (SPY) is trading 0.8% up today after cooler-than-expected PPI

SPY is trading at $778.54 (+0.78%) after July PPI was unchanged, below the expected 0.2% increase, while core PPI rose 0.2% versus a 0.3% forecast.

• The S&P 500 is rising alongside the broader market.
• Following July CPI at 3.4%, the softer wholesale-inflation report reduced expectations for near-term Fed tightening and supported growth stocks.
• Lower Treasury yields and strong AI-related technology sentiment are providing additional support.