SPY is trading at $773.62, up 1.11%, as Federal Reserve Governor Christopher Waller indicated support for holding rates steady in September if inflation continues cooling.
- Treasury yields declined, with the 10-year yield near 4.75%, improving valuations for technology and other growth-sensitive S&P 500 sectors.
- Stronger-than-expected services activity included ISM Services PMI of 54.2 versus 54.1 expected, reinforcing economic resilience.
- Easing oil prices partly offset Middle East risks as investors await the September 4 employment report.