SPY is trading 1.01% higher at $711.21 on strong tech and semiconductor earnings that fueled record intraday highs for the S&P 500.
- Positive results from Texas Instruments, Lam Research, Tesla, GE Vernova, and Boeing drove significant early market momentum.
- Geopolitical tensions later pushed oil prices above $102/barrel after Iran seized container ships in the Strait of Hormuz.
- A late-session pullback triggered by rising energy costs and geopolitical uncertainty tempered gains, causing the broader market to finish near flat.