🟢 SPY is trading 0.77% up today as June PCE inflation meets expectations

SPY is trading at $735.05 (+0.77%) as the index rebounds alongside the broader market following June PCE inflation data that met expectations.

• June PCE inflation came in at 3.7%, matching analyst estimates and easing immediate policy uncertainty.
• The index is recovering from the prior session’s selloff tied to Middle East tensions, higher oil prices, and tech weakness.
• Futures and major indices are trending positive this morning as market sentiment improves following the inflation report.