🟢 SPY is trading 0.3% up today as manufacturing data supports soft-landing hopes

SPY is trading 0.3% higher today as investors digest ISM Manufacturing PMI data, which held at a solid expansionary level and reinforced soft-landing expectations.

• The index is tracking a slight S&P 500 gain, supported by resilient macro data and stable labor conditions.
• Geopolitical tensions from stalled U.S.–Iran talks and cautious futures are being offset by the positive economic outlook, leaving the index with a mild positive bias.