SPY is trading 0.9% higher as the S&P 500 and Nasdaq climb, driven by a recovery in AI and semiconductor stocks following last week’s sharp tech selloff.
- Investors are shifting focus toward upcoming mega-cap tech earnings and a rebound in the information technology and communication services sectors, which carry significant weight in the index.
- The upward movement comes despite a lack of major economic data releases and persistent headwinds from Middle East tensions and elevated Treasury yields.