SPY is trading at $754.42 (+0.99%) as risk appetite improves following a de-escalation in U.S.-Iran tensions and a decline in oil prices, which helps reduce inflation and geopolitical risk concerns.
- Strength in mega-cap technology stocks, supported by recent earnings growth and cooler PCE inflation data, is providing a significant tailwind for the index.
- The broader market remains positive as the S&P 500 tracks a general risk-on move across major U.S. equities.