SPY is trading over 1% higher today as investors react to easing geopolitical risks and sharply lower oil prices.
- Renewed U.S.–Iran negotiations have reduced fears of military escalation, sending crude oil down nearly 5–7% and improving risk sentiment.
- The relief rally is further supported by strong recent earnings in the tech and AI sectors, lifting most major market segments.
- Easing supply shock concerns has triggered a broad recovery across the S&P 500 index.