SPY is trading roughly 1% higher today, extending the August 03, 2026 rally as easing U.S.–Iran tensions and strong manufacturing data fuel a broad market rally.
- De-escalation of military tensions has pushed crude oil prices lower, helping to alleviate persistent inflation worries.
- Stronger ISM manufacturing data and a solid Q2 earnings backdrop are reinforcing risk-on sentiment across the market.
- Technology and other growth sectors that dominate the index composition are leading the move higher.