🟢 SPY is trading 0.6% up today as tech rebounds and yields/oil fall

SPY is trading 0.6% up today as technology stocks rebound and a decline in bond yields and oil prices eases inflation concerns.

• The move marks a recovery for the S&P 500 after three consecutive down sessions, supported by strong Micron guidance and a stabilization in AI and semiconductor stocks.
• Renewed risk appetite is being driven by a pullback in bond yields and oil prices, which has helped alleviate recent macro-driven selling pressure.
• Market sentiment was further bolstered by several major Wall Street strategists raising their year-end price targets for the benchmark index.