SPY is trading 0.8% higher as the S&P 500 and Nasdaq advance, led by a rebound in AI and semiconductor stocks after last week’s tech selloff.
- Gains are concentrated in information technology and communication services, which together represent nearly half of the index.
- Investors are positioning ahead of a heavy slate of mega-cap tech earnings while monitoring geopolitical developments.
- Market participants continue to keep an eye on Middle East tensions and the impact of elevated oil prices.