🟢 SPY is trading 0.7% up today on a tech-led rebound and steady Fed rate decision

SPY is trading higher (+0.7%) as investors rotate back into technology and semiconductors following Wednesday’s Fed-driven selloff.

• Strong pre-market gains in chip stocks and a sharp move higher in Microsoft after earnings are lifting the index, offsetting lingering Middle East and oil-price concerns.
• Markets are digesting a steady interest rate decision while awaiting upcoming GDP and PCE data for further economic direction.